Probably because all of the layoffs, firings, fewer employees.....
Market needs to make up for 2022 under Biden.
I bet if Trump was President, they’d tell what the Dow was after adjusting for inflation.
I can’t understand why the Stock Market keeps climbing while the economy is in shambles.
Election years generally have good markets...
The higher it goes, the farther it falls.
1929 deja vu all over again.
So this means the dimwitted American people can slip over their tears of hysterical happiness over the Bidenomics triumphs as they go to the mailbox to send a few illegal ballots each and re-elect Joe.
Screw them.
Prices pushed up because the value of the dollar is driven down, down, down by Bidenomics and Deep State idiocy.
Would you borrow money you could never pay back and just give it to someone who has no respect for you, laughs at you and ftitters the money away?
That is what our federal government does year after year after year...
Yes they are throwing money at it as fast as the can also the last time tech rally sets new records they crashed repeat will ensue the market is moving up to fast.
The market is up because of THE FED and nothing else. Now this week Powell says that 3 rate cuts are still on the table for 2024.
My prediction is this, there will be a rate cut in June, this will continue to fuel the market. That cut will be irresponsible but will happen because of pressure from the Biden Administration to prop him up. Although there is no longer any correlation to the stock market and real economic activity. Inflation will still be there and real unemployment is much higher than advertised.
So the market will be Juiced through the election to keep the Illusion going. But 2025 will be a totally different story, Inflation will have to fought with a vengeance and that will mean a return to rate increases and there will be several.
My own personal opinion is that right after the election will be time to rebalance my portfolio into Bonds, Agencies, State Bonds, Etc., Treasury Notes are going to be going up then.
It doesn’t matter who win’s the Presidency , same scenario of a very Chaotic 2025 coming up.