With 6 successive days of increases, the stock market clearly approves of the result of the historic election of 2016.
Fred Impert reports for CNBC that investors and traders quickly honed into Trump’s economic policies, which could lead to higher infrastructure spending and less regulation within financials.
Here’s how the stock market and other economic indices performed since Trump was elected:
- Last week was a record-setting one for the Dow, as it hit new all-time highs and posted its best weekly performance since 2011. Yesterday, the Dow hit an all-time high, gaining 21 points.
- The S&P and Nasdaq posted their highest weekly gains since 2013 and February, respectively.
- The Russell 2000, which is composed of small-cap stocks, hit its first record high since June 2015.
- The rally in stocks has come simultaneously with a sharp sell-off in U.S. Treasuries, sending yields soaring. As of 2:51 p.m. ET yesterday, the two-year note yield traded at 0.972%, while the benchmark 10-year yield gained around 10 basis points to 2.219%, its highest level since Dec. 31, 2015. Robert Pavilk, chief market strategist at Boston Private Wealth, expects even higher yields in the long-term.
- The U.S. dollar has also soared, trading 1.03% higher at 100.07 against a basket of currencies. The euro fell around 1% to $1.073 and the yen dropped more than 1.5% to 108.44. Lukman Otunuga, research analyst at FXTM, said: “Dollar bullish investors stole the show during trading on Monday with the Dollar Index surging to eleven-month highs at 100.00 as expectations intensified over the Federal Reserve raising US interest rates in December” which is good news for savers. Otunuga observed, “The Dollar’s appreciation was complimented with optimism towards Trump’s administration bolstering spending and reviving inflation, a move seen as supporting economic growth in the States.”
Kim Forrest, senior equity analyst at Fort Pitt Capital, said, “Investors clearly are optimistic.” Bruce McCain, chief investment strategist at Key Private Bank, said, “At this point, investors are trying to price in what’s going to happen. I think there is a possibility for change, … but how much he [Trump] can actually do remains to be seen.”
Meanwhile, CNN or the Clinton News Network, manages to see only negatives in the stock performance.
While noting that “The Dow jumped nearly 600 points — a 3.2% gain — in the three days after Trump’s victory” and “was up again Monday and hit a new all-time high in the process,” and pointing out the obvious — that “There remains a great deal of uncertainty over what type of president Trump will actually be” — the conclusion of CNN’s Paul R. La Monica is:
“That is scary.”
What’s “scary” is how CNN remains unrepentant and unregenerate in its in-your-face pro-Hillary bias. Why, CNN even fed debate questions in advance to Hillary Clinton’s people, as shown in two email exchanges between longtime Democrat Party apparatchik Donna Brazile and Hillary’s campaign officials, all published by WikiLeaks.
At the time of the leakage, Brazile was a commenter on CNN. On July 24, 2016, Brazile replaced DNC Chair Debbie Wasserman Schultz after WikiLeaks emails revealed Wasserman Schultz had plotted to sabotage Hillary’s Democratic Primary rival Bernie Sanders. See:
- Hacked emails show Democratic National Committee to be corrupt arm of Hillary
- Hey, Bernie supporters! This is what new DNC chair Donna Brazile thinks of your man
Here’s the first email from then CNN commenter Donna Brazile, in which she leaked in advance a question that would be asked in the CNN-hosted Democratic Primary Debate on March 6, 2016:
To: firstname.lastname@example.org, email@example.com
CC: firstname.lastname@example.org, Minyon.Moore@deweysquare.com
Date: 2016-03-05 21:16
Subject: One of the questions directed to HRC [Hillary Rodham Clinton] tomorrow is from a woman with a rash
Her family has lead poison and she will ask what, if anything, will Hillary do as president to help the ppl [people] of Flint [Michigan].
Sent from Donna’s I Pad. Follow me on twitter @donnabrazile
Sure enough, at the debate the next day, Hillary was asked that question from audience member Mikki Wade whose family was affected by the poisoned water.
The second email was dated March 12, 2016, with its subject as “From time to time I get the questions in advance,” in which Brazile leaked a debate question on the death penalty:
On Mar 12, 2016, at 4:39 PM, Donna Brazile <email@example.com> wrote:
Here’s one that worries me about HRC [Hillary Rodham Clinton].
19 states and the District of Columbia have banned the death penalty. 31 states, including Ohio, still have the death penalty. According to the National Coalition to Abolish the Death Penalty, since 1973, 156 people have been on death row and later set free. Since 1976, 1,414 people have been executed in the U.S. That’s 11% of Americans who were sentenced to die, but later exonerated and freed. Should Ohio and the 30 other states join the current list and abolish the death penalty?
Sent from Donna’s I Pad. Follow me on twitter @donnabrazile
Surprise! – not. In a CNN town hall debate the following day, Hillary received the question about the death penalty verbatim from an audience member.
Brazile has since denied receiving or furnishing the Clinton campaign with any town hall questions, and dismissed the Wikileaks organization as “sad ass whipper leakers [trying] to destroy [her] groove.”
The publishing of Brazile’s emails by WikiLeaks resulted in Brazile’s “resignation” from CNN on October 14, 2016, with CNN saying: “We are completely uncomfortable with what we have learned about her interactions with the Clinton campaign while she was a CNN contributor.” (Source: Wikipedia)
- WikiLeaks emails reveal media whores’ private dinners with Hillary Clinton campaign officials
- Meltdown of Hillary’s media whores at Trump victory
- CNN anchor Chris Cuomo admits media are Hillary Clinton’s bitch
- 11-year-old boy trumps CNN anchor
- CNN hack: ‘It’s illegal to possess (and therefore read) the Wikileaks emails’