2024: Reasons for optimism under Democrat admin

Specifically, during presidential election years involving an incumbent (a president running for reelection), the S&P 500 has always -- 100% of the time -- generated a positive return in the second half of the year.

s&p has surged past 5,600 for first time ever !  

CNN is optimistic....

"The reality is that the Democratic elites are mostly late to acknowledge these age inability issues compared to the rest of the public. The elites have been forced to reckon with it." -Jake Tapper

I'm optimistic....

"The fact of the matter is how can you assure you're going to be out on, you know, on your way to go, you know, work tomorrow Age, age wasn't, you know, the idea that I'm too old." 

-Hologram Jeo Biden

https://x.com/CollinRugg/status/1810447461816979870

Quote Originally Posted by KellyM_1964:

s&p has surged past 5,600 for first time ever !

Still edging upward nit by bit!

Love to see that.

@fubah2

i believe that number should be over 17%  ytd

@KellyM_1964

 Ahh yes......I stand corrected. 17%    Thank you!

HEADLINES today . . .

Prices fell in June for the first time since the start of the 2020 trump pandemic!

                          
CNN —

Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front!

The Consumer Price Index,
a measurement of the average change in prices
for a commonly purchased basket of goods and services,
dropped 0.1% from May, which helped to slow the annual
rate of inflation to 3% from 3.3% in May,
according to the Bureau of Labor Statistics’ latest report.  

well now its over 18%   

president biden !  

Over 18.5% now and climbing.

All three US market majors setting new record highs everyday!

But this might affect inflation 

The better-than-expected inflation report

further bolstered hopes that a Federal Reserve rate cut could come sooner than later and help make borrowing money less expensive. Interest rates have been planted for months at a 23-year high as a result of the central bank’s inflation-fighting campaign.

“With another good CPI print under their belt, the window is open for the Federal Reserve to cut interest rates as early as September, and potentially again in December, assuming the inflation data continues to cooperate,” Skyler Weinand, chief investment officer at Regan Capital, wrote Thursday in a note to clients.

@fubah2

There is some fluctuation to be concerned about now though because wholesale prices rose unexpectedly. 

Most were hoping a rate cut in September but I'm not so sure now

Washington CNN —

Wall Street is cheering after fresh data showed
American consumers aren’t tapping out quite yet.

Consumer spending is American’s main economic engine,
powering two-thirds of the US economy. Retail sales,
which capture spending on goods and food services,
make up a big chunk of overall spending.

June’s reading was better than the outright decline
economists projected in a FactSet poll

Meanwhile, online sales were up a healthy 1.9% in June. 

Consumer spending is the backbone of a healthy economy and spending shows little signs of slowing.

Inflation has resumed its slow downward trend...

luv to see that 

Things slowly but surely improving! 

@Zeus4par

better than nothing so ill happily take slow but steady progress 

many american investments r pleased to see the markets rebounding today 

  I was asked by the forum referee to repost this in an existing thread 

NEW Democrat presidential nominee is off to a good start in campaign favoring democracy

From CBS News

Washington —

Vice President Kamala Harris' presidential campaign raked in $81 million in the 24 hours after President Biden ended his bid for reelection and Harris announced she would be seeking the Democratic presidential nomination, her campaign said Monday.

loot

From CBS News 

Washington — The eye-popping haul includes money raised across Harris' campaign, the Democratic National Committee and joint fundraising committees, and underscores the vice president's enormous financial advantage over any potential challengers for the Democratic nomination.

It is the largest amount of money raised in a 24-hour span in presidential history, according to Team Harris.

Over $80 millions, I believe. 

Yep!  All three majors finished up in a good sign for the week ahead! 

@Europa   

Just a MASSIVE HAUL in just a matter of hours is astounding! 

The campaign said that more than 888,000 grassroots donors made contributions in the past 24 hours, and for 60% of them, it was their first contribution of the 2024 election cycle!!!