3 Trillion Dollars Added To Markets Since 2016 Presidential Election
Candy Matheson | Mar 02, 2017 01:38AM ET
Somewhere around 3 Trillion dollars have been added to U.S. markets since the Presidential election on November 8, 2016, with percentage increases, to date, shown on the following graph of the Major Indices.
Undoubtedly, market participants have faith in President Trump's ambitious reform and stimulus agenda, which was emphasized by today's market reaction to what he delivered in his first Joint Address to Congress last night. I'd dub him as a high-energy hunter-gatherer who settles for nothing less than winning...so, I'd watch market action going forward to gauge how well he's accomplishing his goals.
In that regard, I'd like to see these indices, generally, remain above their 50-day moving averages as confirmation (as outlined in my post of February 11th). Otherwise, a drop and hold below could signal a reversal of bullish market sentiment and endorsement of his unfolding agenda.
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