s&p 500October 24th, 2017

Its all seems too unbelievable. The global markets keep going up. Forget the crash idea, the markets don’t even pull back. Wednesday night, the S&P 500 futures traded down to 2542.50 on Globex, and rallied up to 2561.50 on Thursday. On Thursday night the Senate passed a budget proposal, and the ES traded all the way up to another ‘new all-time’ contract high at 2571.75. Mitch McConnell (R., Ky.), Senate Majority Leader, said ‘Passing this budget is critical to getting tax reform done, so we can strengthen our economy after years of stagnation under the previous administration.’ The dollar rallied and European shares advanced.

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