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Nationalist Pundit

America First, Last and Always!

Blog posts : "dow jones"

Stocks Dive On 1st Day Of New Fed Chair

Yesterday was a rough one on Wall Street as the Dow Jones plunged some 1,175 points, setting a new record for biggest, one-day losses. At one point, the Dow was down almost 1,600 points. However, given the value of the Dow, the loss only amounted to a 4.6% dip, not even making the top 5 in history. All of this comes as Jerome Powell took the oath as the new Chairman of the Federal Reserve Bank. Historically, it is normal for the markets to dip when a new Fed Chair takes over. Most analysts are not too concerned about yesterday′s sell off, as the overall economy is in very good shape. Even the manufacturing index hit a new record high at 59, 2 points higher than expected.



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Media Ignores America Great Again

The Dow Jones flirted with 24,000 yesterday, ending the trading session at another record high, the 62nd since President Donald Trump was elected. This morning, the 24,000 mark was busted. The Commerce Department updated its numbers for the 3rd Quarter and has the annual GDP growth rate now at 3.3%, the highest in a decade. Unemployment is at record lows, especially for African-Americans. Black-owned businesses are doing far better than during the Barack Obama years. Illegal immigration has been slashed even without ′The Wall′ being built. Consumer confidence is at record highs as the economy leaps into hyper-drive. Yet, you won′t hear or read any of this in The Media.



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Not Tired Of Winning, Trump Economy Surges

Monday marked the 9th, straight day of the Dow Jones breaking another record high, blowing well past 22,100. This was the 35th record high since President Donald J. Trump took office and nearly 60th since his being elected last November. Since November 8, 2016, the Dow Jones Industrial Average has increased some 15.6%. All of the major American markets have surged over 12% since the election. The latest Jobs Report for July, 2017 was higher than expected with over 209,000 new jobs created. Unemployment has fallen to a 16-year low of 4.3%. The Labor Participation Ratio has increased to a 16-year high, indicating more Americans are employed than ever before in the 21st Century!



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Dow Jones 22,000 - America Great Again!

The Dow Jones Industrial Average opened this morning above the 22,000 mark, at 20,030. Should it end the day at or above 22,000, it will set yet another milestone. Since the election of President Donald J. Trump, the markets have been on a long winning streak, with new record highs set frequently. The Dow Jones, the NASDAQ and the S&P 500 have all been rising steadily, increasing more than 10% across the board. Much of today′s enthusiasm was yesterday′s 3rd Quarter report from Apple, which beat expectations. Sales were over half a billion dollars more than expected, sending the stock up 6% in aftermarket trading. Just this move alone was enough to blow away the 22,000 mark for the Dow Jones.



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