A very Happy Last Month to all and the NASDAQ pegs up another distribution day --it's now at 9 but for some reason IBD insists we're still in a "confirmed uptrend". Today's stock index futures are offish so we'll see where it goes.
Metals are seen by the futures folk off even more as gold and silver punch down to new lows at $1,169.05 and $16.44. The pundits may be spouting about the Trump rally (Why Bulls Will Stay In Charge of the Market, Goldman: Trump Presidency Will Benefit Almost All Stocks) but for a couple day's the trend's got to be blamed on, say (Democrats Double Down On Failure, Put Clueless Pelosi Back Into Power )Pelosi?
Also: Curious Connections: Trump + Goldman Sachs
More reports:
8:30 AM Initial Claims
8:30 AM Continuing Claims
10:00 AM Construction Spending
10:00 AM ISM Index
10:30 AM Natural Gas Inventories
2:00 PM Auto Sales
2:00 PM Truck Sales
--and yesterday's reports were all about a booming econ w/ no inflation!
New FR econ threads:
- Goldman Says Trump's Presidency Will Benefit Stocks in Almost Every Sector
- President-Elect Trump Announces Economic Nationalist Dream Team: Mnuchin, Ross and Ricketts
- Trump’s Path to Mount Rushmore
- 6 million Americans have stopped paying their car loans, and it's becoming a 'significant concern'
- Confirmed: Donald Trump Picks Steven Mnuchin and Wilbur Ross for His Cabinet
- Trump and the Climate Change Clown Show
- Pending Home Sales Edge Higher, Midwest Factories Rev Up
- Professionals in These Two Asian Cities Say Donald Trump Will Be Good for Business