Switzer on Saturday

AMP madness, stocks spiking and my revised view on Donald

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
24,831.17
91.64
0.37%
2.34%
S&P 500
2,727.72
4.65
0.17%
2.41%
NASDAQ
7,402.88
-2.09
-0.03%
2.68%
ASX 200
6,116.20
-2.50
-0.04%
0.88%
Data for week commencing 14 May 2018

Another nice finish for US stock markets eventuated with the FANG (Facebook, Amazon, Netflix, Google) stocks back in favour, which says something positive about investors’ attitudes to the rally. At the beginning of the year, the word on Wall Street was “expect a rotation out of growth stocks into value” but earnings and the unfolding economic story both support growth stocks.

By the way, the Dow Jones is on its seventh day of rises, while the S&P 500 put in the best week in two months and this happened as earnings delivered, China trade talk became less heated, geopolitical news became less scary and US inflation said not to expect a bond market rout or a silly Fed raising rates too fast.

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