atans1

Hilary’s newspaper trying hard to talk market down

In Financial competency on 03/03/2017 at 2:08 pm

And failing.

Sad ))

From NYT’s Dealbook

the stock market surged to another high, helped by expectations of tax cuts, looser regulations and higher interest rates under the Trump administration. The optimism on Wall Street has also been helped by sunnier economic data.
But there are some things to keep in mind about the rally and the so-called Trump bump, Neil Irwin notes. The economy is closing in on its full productive capacity. And if the government tries to increase deficits at a time of full employment, it could lead to higher inflation and higher interest rates, crowding out investment.
The signs point to the increasing likelihood of higher interest rates.
William C. Dudley, the president of the New York Fed, said in a CNN interview that it would be fair to assume that the central bank would raise interest rates sooner rather than later because the economy was improving. The Wall Street Journal reported that Lael Brainard, a Fed governor, had said in a speech at Harvard University that, “We are closing in on full employment, inflation is moving gradually toward our target, foreign growth is on more solid footing and risks to the outlook are as close to balanced as they have been in some time.”
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  1. Correction coming but will be great time to stock up on stocks. Bull run good for another 1+ years, with parabolic blowoff 1st half next year. Ya gotta dance while the music is playing!!

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