Nine months into Trump's second term, the U.S. stock market is showing remarkable resilience. Remember all those predictions of market doom? They haven't exactly panned out. Last week saw markets hitting record highs, culminating in a Friday that shattered expectations. The Dow surged over 450 points (1%), the S&P 500 climbed 0.8%, and the Nasdaq Composite leaped a whopping 1.2%, or 263.07 points! These gains pushed the Dow past 47,000 for the first time. Will we see 50,000 by the end of 2026? Perhaps even by the midterms? The naysayers love to dismiss good news as a fluke. But Monday brought another round of all-time highs, marking the second consecutive day of record-breaking performance. It's not every day that all major markets reach record highs simultaneously. And to do it two days straight? That's something special. What's truly remarkable is that this surge is happening amidst a backdrop of mixed news. This isn't just a bull market on sunshine and rainbows; it's a market that's flexing its muscles despite headwinds. Last week brought a mixed bag: The Consumer Price Index rose an annualized 3% (negative), but that was slightly less than predicted (positive). The monthly price index also saw a slight cooling, falling below expectations. Could it be that the anti-Trump crowd has consistently underestimated the resilience and optimism of small businesses, stockholders, and consumers? Remember all the warnings about Trump's tariffs triggering inflation? The CPI figures simply aren't showing it. The market's strength suggests a potential rate cut by the Federal Reserve next week, and perhaps another in December. These moves could further fuel the upward momentum. The markets have shrugged off political noise, including the cessation of trade talks with Canada and continued skirmishes with narcoterrorist ships. Even Trump's trip to Asia and the ongoing government shutdown haven't derailed the rally. It's a mixed bag, folks, but the markets are pushing higher.Stock Markets Soaring Under Trump: Are the Critics Wrong?
Record-Breaking Week!
Doubling Down on Success
What's Driving This?
Navigating Mixed Signals
Tariffs and Inflation? Not So Much!
