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“Trump Rally” continued as the Dow Jones Industrial Average

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Jan. 27, 2017.
Photographer: Michael Nagle/BloombergThis week the “Trump Rally” continued as the Dow Jones Industrial Average crossed 20,000, and our president issued a celebratory tweet.
Fourth, the fundamental basis for a big market rally is very unclear.
I am not sure which is more difficult: predicting what Trump will do next or timing the market.
The Dow is an odd and arbitrary index which weights companies by their share price not their market value.

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ADVERTISEMENT But as the old saying goes, it is not really a stock market but a market of stocks.
Hold on to your bonds When interest rates rise, the principal value of bond investments falls.
So what trading moves can investors make under President Trump now that his campaign is over and the hard work of managing the nation begins?
Buy Wall Street banks As part of the Dodd-Frank Act, the Volcker rule restricts speculative trading at banks.
That doesn’t necessarily mean things are looking up, but it also doesn’t mean investors should fret another big move down.

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In gamble, Trump team embraces stock market surge

stock market

President Trump’s team is breaking with White House precedent by taking a victory lap after a stock market surge.
For now, there is ample reason for Team Trump to seize on the stock market news.
“You want to be able to preserve your credibility.”There are also some additional risks that come with assigning political value to stock market gains.
#Dow20K.”Embracing a stock market surge is new territory for a president, as it’s something past administrations have typically shied away from.
“The Trump Effect,” tweeted Kellyanne Conway, one of Trump’s top advisers, linking to a story on the stock market milestone.

 

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