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"Since November 8th, Election Day, the Stock Market has posted $3.2 trillion in GAINS and consumer confidence is at a 15 year high. the Republican president wrote on Twitter. REUTERS/Jim Lo ScalzoWASHINGTON U.S. President Donald Trump welcomed a record surge in the stock market on Thursday, a day after the Dow blasted through the 21,000 mark for the first time after his speech to Congress. US President Donald J. Trump arrives to deliver his first address to a joint session of Congress from the floor of the House of Representatives in Washington, DC, USA, 28 February 2017. (Reporting by Doina Chiacu; Editing by Gareth Jones)
The stock market is getting closer to a critical juncture — one that could significantly derail the so-called 'Trump rally.' He added: "That's the moment that maybe you start seeing this market move down." And, even with five elections around the table, look what Europe is doing right now, holding up quite nicely," said Eibel. On Friday, Fed Chair Janet Yellen dropped a strong hint that an interest rate hike is on the way. The S&P 500 has also been on fire, soaring more than 11 percent since President Trump's election win last November.
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Trump welcomes stock market surge, consumer confidence on Twitter
"Since November 8th, Election Day, the Stock Market has posted $3.2 trillion in GAINS and consumer confidence is at a 15 year high. the Republican president wrote on Twitter. REUTERS/Jim Lo ScalzoWASHINGTON U.S. President Donald Trump welcomed a record surge in the stock market on Thursday, a day after the Dow blasted through the 21,000 mark for the first time after his speech to Congress. US President Donald J. Trump arrives to deliver his first address to a joint session of Congress from the floor of the House of Representatives in Washington, DC, USA, 28 February 2017. (Reporting by Doina Chiacu; Editing by Gareth Jones)
Here's the moment which could spark a stock market sell-off
The stock market is getting closer to a critical juncture — one that could significantly derail the so-called 'Trump rally.' He added: "That's the moment that maybe you start seeing this market move down." And, even with five elections around the table, look what Europe is doing right now, holding up quite nicely," said Eibel. On Friday, Fed Chair Janet Yellen dropped a strong hint that an interest rate hike is on the way. The S&P 500 has also been on fire, soaring more than 11 percent since President Trump's election win last November.
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