Another Trump record: Cyber Monday expected to be largest shopping day in US history. Not just this year; not just this decade. Not just this century. In the entire US history. A huge indicator of consumer confidence in Trump.
Market: Nasdaq and S&P 500 hit new highs.
No one saw it coming -- WSJ:
Torrid pace of gains has pushed index to highs unimaginable earlier this year, and analysts are putting lofty targets on where index will go next year.
U.S. stocks are on the verge of a level few thought they would see this year: 2600 on the S&P 500.
Stocks’ upward climb has defied many analysts early-year predictions for a 2017 stall, leaving some upgrading their year-end forecasts to account for the benchmark index’s double-digit gains. Bank of America, for example, initially called for the S&P to finish the year at 2300, while Deutsche Bank expected the broad index to end up at 2350—milestones the S&P has blown past in 2017.
The increasingly upbeat outlooks underscore analysts and investors’ belief that synchronized global growth, an expanding U.S. economy and companies’ strong profit reports can extend stocks’ rally even further. The optimism and fear of missing out on gains—the S&P 500 is up 16% so far for the year—has helped markets rebound quickly from pullbacks.
Egg on face (actually the entire omelet):
My favorite:
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