US stock market hits record highs

[F-22Raptor]

U.S. stocks turned higher Wednesday after Federal Reserve Chairman Jerome Powell signaled that the bank isn’t about to alter its monetary policy, helping push the Dow Jones Industrial Average to a record.

The blue-chip index rose 424.51 points, or 1.3%, to 31961.86, its 10th closing high this year. Earlier in the session, the index crossed 32000 for the first time.


The S&P 500 rose 44.06 points, or 1.1%, to 3925.43. The Nasdaq Composite added 132.77 points, or 1%, to 13597.97, and the Russell 2000 small-cap index jumped 53.07 points, or 2.4%, to 2284.38.

For the second straight day, major stock indexes opened in the red before reversing course, as investors have been reassured by Mr. Powell’s testimony. The S&P 500 snapped a five-session losing streak Tuesday.

Speaking to the Senate Banking Committee, Mr. Powell reaffirmed his commitment to keeping easy-monetary policies unchanged for the foreseeable future and was generally dismissive of any inflation concerns. That eased investor concerns about rising interest rates and fears that an overheating economy would alter the Fed’s thinking.

https://www.wsj.com/articles/global-stock-markets-dow-update-02-24-2021-11614156246

 

[TaiShang]

Print more. It will skyrocket from the blue planet to all the way to the red planet.

 

[Hamartia Antidote]

U.S. stocks turned higher Wednesday after Federal Reserve Chairman Jerome Powell signaled that the bank isn’t about to alter its monetary policy, helping push the Dow Jones Industrial Average to a record.

The blue-chip index rose 424.51 points, or 1.3%, to 31961.86, its 10th closing high this year. Earlier in the session, the index crossed 32000 for the first time.


The S&P 500 rose 44.06 points, or 1.1%, to 3925.43. The Nasdaq Composite added 132.77 points, or 1%, to 13597.97, and the Russell 2000 small-cap index jumped 53.07 points, or 2.4%, to 2284.38.

For the second straight day, major stock indexes opened in the red before reversing course, as investors have been reassured by Mr. Powell’s testimony. The S&P 500 snapped a five-session losing streak Tuesday.

Speaking to the Senate Banking Committee, Mr. Powell reaffirmed his commitment to keeping easy-monetary policies unchanged for the foreseeable future and was generally dismissive of any inflation concerns. That eased investor concerns about rising interest rates and fears that an overheating economy would alter the Fed’s thinking.

https://www.wsj.com/articles/global-stock-markets-dow-update-02-24-2021-11614156246

 

[xyxmt]

he just announced to alter the monetary policy and people start buying stocks, this is why I say stock trading is nothing but a slot machine, futures trading is poker, Stock analysts are tarot readers.

 

[TheTruth]

View attachment 719736

View attachment 719735

 

[Get Ya Wig Split]

Pimco says a $1.9 trillion stimulus could push US growth to 7.5% this year - a rate not seen since the 1950s

The US economy could grow by 7.5% in 2021 - a rate not seen since the 1950s - as a result of President Joe Biden's $1.9 trillion stimulus package, analysts at investment giant Pimco said in a note on Wednesday.

Pimco predicted that although this rapid growth would push up inflation to above 2% over the "next several years", it is unlikely to cause price rises to spiral due, in part, to the reduced bargaining power of workers.

Pimco head of policy Libby Cantrill and economist Tiffany Wilding said they expected the eventual stimulus package to be close to the $1.9 trillion size that President Biden is seeking.

They said the legislation's focus on enhancing social safety net provisions such as unemployment benefits, coupled with direct support to households and businesses, "boosts the near-term growth outlook."


Cantrill and Wilding added that the size of the package may also help to cushion the blow to the economy should any problems crop up, such as a slower-than-expected vaccination program.

They upped their growth prediction for the US economy in 2021 to between 7% and 7.5%, more than making up for the 3.5% contraction in 2020.

A 7.5% expansion would be the strongest since the early 1950s, although the US saw growth of more than 7% in 1984.

Rising growth expectations have troubled financial markets lately, however, as they have led to higher bond yields. This has made stocks look less attractive and pulled down the tech-heavy Nasdaq index this week.

The Pimco note said the rapid economic growth and rise in employment "doesn't have huge implications for our inflation outlook." Cantrill and Wilding said this was in part because a decline in labor unions means workers are now less able to achieve wage rises.

Nonetheless, Pimco expects US inflation to rise to 2% in 2021 before dropping to around 1.5% by the end of the year. It then expects inflation to gradually accelerate to a range of 2.2% to 2.5% over the course of the next several years.

"It's not surprising that more investors are worried about another inflationary accident," Cantrill and Wilding said.

Yet they added: "While a period of above-target inflation has become more likely, in our view, the likelihood of a self-reinforcing inflationary process similar to what happened in the 1970s is still relatively low."

Pimco says a $1.9 trillion stimulus could push US growth to 7.5% this year – a rate not seen since the 1950s

Pimco said $1.9 trillion in stimulus could boost inflation to above 2% over the next several years, but said prices are unlikely to rocket higher.

markets.businessinsider.com

 

[HttpError]

Print more. It will skyrocket from the blue planet to all the way to the red planet.

This is the exact reason why no one should trust this paper money, thus Crypto (Bitcoin) is booming. At this rate paper money can easily replace toilet paper.

 

[StraightEdge]

I fear bubble might burst somewhere

 

[KurtisBrian]

Print more. It will skyrocket from the blue planet to all the way to the red planet.

Here is what I see happening.
Arabs are getting rid of the USD they hold because they no longer want them. Oil prices and Arab economies are not doing well. In desperation they recognize and bow to the banking cabals.
Economically, China keeps working with the USA. Chinese economy expands almost booms.
Pakistan has big inflation. Why? Won't play the game, nor bow to the Israelis, Catholics, Swiss Templars, London/Dutch and the Jew's golems.
Only go against the banking cabals and Israelis if you are willing to be bankrupt and attacked from all sides.