Trump bump to Trump dump? Not so fast

[expat_panama]

from Trump bump to Trump dump? Not so fast

Shawn Langlois Jan 24, 2017 12:21 p.m. ET

The postelection market push delivered a welcomed surprise to those fearing the worst-case scenario with a Donald Trump win. Now, many of those same investors are looking for the Trump bump to shift to Trump dump.

They just may be surprised again...


...relish the market rise that we’ve had thus far, and know that Monday [promises] to be the start of what can be many more wonderful years,” Mehta wrote. “Despite the country’s partisan extremes, it pays to always bet on America.”

While the article was rancid w/ bias and errors, it is what many traders are saying. Talk is easy, this is what's happening today:

• We're coming off yesterday's broad gains in higher volume w/ small caps leading.
• This morning's stock index futures traders see a jump today (re Futures Market Map ) even while most commodities fall.
  
• This morning we'll be getting the MBA Mortgage Applications Index, Housing Price Index, and Crude Inventories.

 

[william the wie]

The S&P dogs are rising again.