Despite record household debt at levels last seen in 2008 and increasing unemployment claims, the stock market put in another bullish week and all three major stock indexes hit new all-time highs. The following is the analysis and Opinion of Optimus Futures, LLC.
The S&P 500 Emini closed on Friday just below 2350 at 2348. The market still seems to be driven by optimism and Wallstreet is betting on Trump’s economic policies and planned tax cuts. Pessimists say that if the agenda isn’t coming soon, stocks might be in for a rude awakening. Until then, the most likely path seems upwards. Especially since Yellen indicated that the next rate hike might come as early as March, given the good economic data