Dow futures were roughly unchanged in pre-opening trading on Thursday after stocks posted a fifth consecutive strong day Wednesday. Smart money on Wall Street is skeptical about this rally because volume is low, valuations are stretched, and assortedWall Street mumbo jumbo. But the fact is stocks keep going higher partially on current economic conditions and earnings and partially on optimism.
Make Dwight A TRUSTED Part Of Your Day
Read more insights from Dwight Johnston on TrustCU.com or register for his Daily Dose e-newsletter to receive his blogs straight to your inbox.
On February 11, 2016, the Dow closed at 15,660 its low for 2016. It closed yesterday at 20,611, putting the Dow within 50 points of a 5,000 point gain! The market has not really felt like a bull market over the past year. For most of the pastyear Wall Street traders and pundits have fought it all the way, always looking for a better buying opportunity. Let’s hope they continue to wait. It’s worked well so far.
Dwight Johnston is the chief economist of the California and Nevada Credit Union Leagues and president of Dwight Johnston Economics. He is the author of a popular commentary site and is a frequent speaker at credit union board planning sessions and industry conferences.
February 16, 2017
Daily Dose Of Industry Insights
Stay informed, inspired, and connected with the latest trends and best practices in the credit union industry by subscribing to the free CreditUnions.com newsletter.
Smart Money Plays Dumb
Dow futures were roughly unchanged in pre-opening trading on Thursday after stocks posted a fifth consecutive strong day Wednesday. Smart money on Wall Street is skeptical about this rally because volume is low, valuations are stretched, and assortedWall Street mumbo jumbo. But the fact is stocks keep going higher partially on current economic conditions and earnings and partially on optimism.
Make Dwight A TRUSTED Part Of Your Day
Read more insights from Dwight Johnston on TrustCU.com or register for his Daily Dose e-newsletter to receive his blogs straight to your inbox.
Read More Register Now
On February 11, 2016, the Dow closed at 15,660 its low for 2016. It closed yesterday at 20,611, putting the Dow within 50 points of a 5,000 point gain! The market has not really felt like a bull market over the past year. For most of the pastyear Wall Street traders and pundits have fought it all the way, always looking for a better buying opportunity. Let’s hope they continue to wait. It’s worked well so far.
Read about the bond market and economic reports.
Dwight Johnston is the chief economist of the California and Nevada Credit Union Leagues and president of Dwight Johnston Economics. He is the author of a popular commentary site and is a frequent speaker at credit union board planning sessions and industry conferences.
Daily Dose Of Industry Insights
Stay informed, inspired, and connected with the latest trends and best practices in the credit union industry by subscribing to the free CreditUnions.com newsletter.
Share this Post
Latest Articles
Tech-Grown CEOs Share Fintech Partnership Strategies (Part Two)
Tech-Grown CEOs Share Fintech Partnership Strategies (Part One)
Virtual Cards: More Than Just A Trend
Keep Reading
Related Posts
Markets Responded Well To Reduced Trade Fears In May
What Can Credit Unions Learn From Rocket Mortgage?
Sweeping Tariffs Leave The Fed In An Unenviable Position
Service Credit Union Launches CUSO For Fintech Investments
Savana MorieBest Of 2025 (So Far): Supporting Member Financial Wellbeing
Aaron Passman3 Ways The Balance Sheet Is Adjusting To New Borrowing Habits
Roman OjalaView all posts in:
More on: