The Bull Market Marches On
"The Bull Market Marches On"
in the news The Bull Market Marches On? What this all about..... See below.
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Sentiment Trader show a very interesting chart today, just like how VIP members here <= saw.. as the bull market keeps climbing.
U.S. equities closed at record highs on Monday as Wall Street kicked off the fourth quarter on a high note.
The Dow Jones industrial average gained 152.51 points to close at 22,557.60, with Goldman Sachs contributing the most to the gains.
The S&P 500 rose 0.4 percent to 2,529.12, led by gains in health care and financials. Health care was one of the best-performing sectors, rising 0.9 percent, as biotech stocks posted their best day since Aug. 31. Financials rose 0.89 percent and have gained nearly 2 percent in the past month.
"Health care continues to be on fire and financials keep doing well. That's helping out the market today, t's also the first trading day of the month, which is usually the strongest day of the month for stocks, as fresh funds are put to work from the bigger hedge funds.
The indexes also set intraday records, as they began a historically positive period for stocks. According to our statistics, the Dow, S&P and Nasdaq have averaged strong fourth-quarter returns in the past 25 years. Stocks are also building on gains set in the previous quarter.
The Russell 2000 also had a stellar third quarter, advancing 5.3 percent and notching a record high.. But its like no one can stop the market right now, not even the horrific terrorist event in LAS VEGAS.
Our Members here => VIP members here "I think the reasons stocks, especially small caps, are doing so well are the economy and hopes of tax reform,
Traders and financial professionals work on the floor of the New York Stock
"The economy is doing well despite the storms, a lot of folks don't think there will be tax reform but the market thinks there will be. If that happens, it will be a big boost to the economy."
Tax-reform expectations have been a key catalyst for stocks since President Donald Trump's election, along with hopes of deregulation. So we will be watching for that.
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