Switzer on Saturday

Will central banks keep this stock market party rocking?

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
26,543.33
81.25
0.31%
-0.06%
S&P 500
2,939.88
13.71
0.47%
1.20%
NASDAQ
8,146.40
27.72
0.34%
1.85%
ASX 200
6,385.60
3.50
0.06%
2.01%
Data for week commencing 22 April 2019

US stock markets have been flirting again with record highs overnight, with US economic growth coming in at  3.2% compared to the expected much lower number of 2.5%. So it looks like the doomsday merchants and that damn bond market got it wrong!

Even though you can’t easily look at one quarter and say the rest of the year should follow, it should be remembered that the first quarter isn’t known for great growth because it’s so damn cold in the States and working days can be lost. What the numbers told economists is that underlying demand, especially business and government investment, is strong.