- Dow up almost 230 points; closes above 27,000 (again).
- S & P hits 3,000 (again).
- Nasdaq extends above 8,150.
- Bernie: resist!
- Buttigieg: change course!
- Beto: re-set!
- Biden: what just happened? We need to get back to "normal."
- rule of thumb: stock market "looks out" about six months
- with the market surging as it is now, it's hard to buy into an argument "we" are facing a recession between now and March, 2019 -- though we will hear a lot about "October" is the worse month for the stock market
- March, 2020. Eight months until the election. You really think Trump/GOP will let economy move into recession? Sure, it could happen.
- Russia, Russia, Russia. Then, recession, recession, recession. Next:
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Gasoline demand weekly data pending.
US Supreme Court sides with President Trump. Only two dissents: RBG and Sotomayor.
Wow, what a day.
- AAPL: up almost $7/share by the close; up another $1.30 after hours; after hours, trading at $225
- EW: unchanged at $218
- SRE: up 1% to $143, near 52-week high
- OKE: at $74; within pennies of a 52-week high
- T: an old stodgy widow's stock up 3% today
- AMGN: after surging this past week, drops back below $200
- UNP: well off its 52-week high but showing strength