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Thursday, December 26, 2019

All Three Major Indices Hit All-Time Highs -- Boxing Day, 2019

S & P 500:
  • up 1,6.53 points
  • up 0.51%
  • closed at 3,239.91
  • intra-day high: 3,240.08
  • 52-week high: 3,240.08
NASDAQ:
  • up 69.51 points
  • up 0.785
  • closed at 9,022.39 (first time ever over 9,000)
  • intra-day high: 9,022.46
  • 52-week high: 9,022.46
DOW:
  • up 105.94 points
  • up 0.37%
  • closed at 28,621.39
  • intra-day high: 28,624.10
  • 52-week high: 28,624.10
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Four Biggest Economies In Europe: Will Struggle To Recover In 2020 -- Barron's

Data points from the article (paywall; access through Starbucks):
  • UK will leave the EU at the end of January, 2020
    • Boris will look to clinch an economic deal before the end of 2020
    • UK's hope: inflation will remain low ('cause the economy won't grow) and then the Bank of England can lower rates -- LOL -- if the economy takes a turn for the worse)
    • the UK at least has a stable government (Boris' landslide); not the same can be said for:
  • Germany: leadership split among two parties; political paralysis likely
    • Germany's unemployment barely more than 3% so unlikely it would incentivize fiscal expansion
  • France: EU's strongest growth rate;
    • same problem as Germayn -- political paralysis
  • Italy: will continue to underperform
    • staggering under a debt load topping 130% of GDP
    • (is US debt load about 105% of GDP?)

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