Updates
Later, 1:33 p.m. Central Time: the Trump rally continues. Over the past two days, the market has jumped 210 points?
Original Post
Yesterday morning (August 21, 2017) this story over at Yahoo!Finance, the screenshot:
Yesterday (Monday) the Dow 30 closed about 35 points higher than Friday and today the Dow was up at much as 130 points (now about 120 points) -- so up about 150 points after Yahoo!Finance told us the market was likely to continue its two-week drop.
New highs, NYSE: 56, including, Berkshire Hathaway B; Caterpillar (CAT).
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The Norwegian Effect
Why I love to blog? Just minutes ago a reader sent me a "random" story on sovereign wealth of Norway.
Then, less than a minute ago -- literally while I'm reading the story -- CNBC has a segment on sovereign wealth funds with an emphasis on Norway. CNBC noted that Norway has announced it will increase its equity holdings in its sovereign fund from 60% to 70%.
With one trillion dollars in its sovereign fund, Norway might be having an effect on the market today -- announcing that it will significantly move into the market.
A screenshot from the CNBC story:
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