Monday, February 20, 2017

The Market Is Closed On Presidents Day

  Good morning it is sunny and 37 degrees here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the low 40s this afternoon. It is brilliant outside, the birds are chirping up a storm and it's still February. The longer range forecast has it going up into the 60s by Thursday and continuing like that. This is quite out of the ordinary. We are told by the climate scientists that the Northeast will experience global warming stronger than most regions of the world. There will come a time relatively soon apparently when we will no longer have any snow through the Winter.

  The question being asked this morning is, can the Trump rally continue? First off, Trump has very little to do with the economy at this point. Give it a few months, even a year, then he can own it. Second, no, it will not continue at least not indefinitely. Since when does the market continuously rise, it does not. Eventually we hit the wall, that's how it works.

CNN: Earnings, earnings and more earnings; Can the Trump rally continue? by Minyoung Park
The stock market has been performing well ever since Trump took office. The Dow and S&P 500 are at record highs. Investors will be curious to see if the stocks can keep it up next week.

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