LEIBOVIT VR NEWSLETTERS – THURSDAY – NOVEMBER 7, 2024 – THE MARKET ANTICIPATED AND NOW CELEBRATES A TRUMP VICTORY WITH A RECORD SETTING RALLY
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https://www.howestreet.com/2024/10/what-has-more-impact-than-fed-control-of-interest-rates-mark-leibovit/
NEXT PODCAST THURSDAY EVENING
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
~ Ayn Rand
The major averages saw further upside in late-day trading, reaching new highs for the session. The Dow soared 1,508.05 points or 3.6 percent to 43,729.93, the Nasdaq surged 544.29 points or 3.0 percent to 18,983.47 and the S&P 500 shot up 146.28 points or 2.5 percent to 5,929.04.
The extended rally on Wall Street came after former President Trump was declared the winner in the presidential election versus Vice President Kamala Harris.
Claiming victory in several key swing states, Trump is projected to win far more than the 270 Electoral College votes needed to secure his return to the White House.
The decisive victory helped avoid the uncertainty that would be created by a prolonged vote counting process and potential legal challenges.
Trump is also seen by the markets as better for […]
LEIBOVIT VR NEWSLETTERS – WEDNESDAY – NOVEMBER 6, 2024 – TOO EARLY TO CALL THE ELECTION BUT FUTURES MARKETS ARE HIGHER IN EVENING TRADING
https://www.howestreet.com/2024/10/what-has-more-impact-than-fed-control-of-interest-rates-mark-leibovit/
NEXT PODCAST THURSDAY EVENING
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
~ Ayn Rand
U.S. Stocks Rally As Economic Optimism Overshadows Election Uncertainty
Stocks showed a lack of direction over the course of Monday’s session before closing moderately lower but showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq helped lead the way higher.
The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq surged 259.19 points or 1.4 percent to 18,439.17, the S&P 500 shot up 70.07 points or 1.2 percent to 5,782.76 and the Dow jumped 427.28 points or 1.0 percent to 42,221.88.
The rally on Wall Street may partly have reflected optimism the stock market and the U.S. economy in general will continue to perform well regardless of the results of today’s elections.
Polls show an extremely […]
