DJIA, S&P 500, Nasdaq closing strong and political pontificating

Posted By on September 20, 2018

DJIA_1yr_chart180920

If the stock market is worried about another round of China tariffs, it sure doesn’t show it. Thursday saw the DJIA back to its record high from earlier this year. The S&P 500 did the same and even the Nasdaq was positive although off the higher record area earlier this year … but not by much. All in all, the U.S. economy is robust and growth is hard to deny. Jobs have returned with hiring in most sectors … and even wages are rising thanks to lower business taxes that give them flexibility as to where to invest their profits — people and investing back in their business (hopefully more in divided and share buybacks too?)

About the only two things negative at the moment are trade war fears and the political divide giving Democrats the chance to will back leadership of Congress. Want to kill a good economy? Elect DEMs in November and watch them throw a monkey wrench into this great economy.

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.