- The Russell 2000 is on a 15-day win streak, gaining 16% over that time. Hope everyone is participating in that!
- The stock market rally is being called the "Trump Rally." Well, everyone thought Hillary had it locked up and the futures were down 5% when Trump looked like he'd win. Then after he won the market soared. Lower taxes. Lower regulations. Etc.
- The economy is pricing in a higher GDP. We've been stuck under 3% during Obama's presidency. Now Wall Street is anticipating 4-6%.
- Inflation?
- Higher mortgage rates would cause a drop in home prices. People can afford what they can afford. Unless wages start rising.
- Inflation?
- Trump wanted to refinance some of the short-term national debt at these historical low long-term rates. Uh, long-term rates have been rising... What will they be when he's sworn in.
- (If he is sworn in. Jill Stein leading the recount efforts in Wisconsin, Michigan and Pennsylvania. I think lawyers will make a lot, but nothing will change in the electoral college.)
- Lots of Black Friday deals on … TVs. Tablets. Games. Etc. Mall traffic down (they say) but online sales setting records. Over $3B?
- And lots of Green Friday deals at the marijuana stores…
Friday, November 25, 2016
Black Friday Randomosity
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