The stock market

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www.foxbusiness.com

Stuart Varney: Democrats want a piece of your stock market action

FOX Business Stuart Varney discussed the Democrats' wealth tax plans designed to take stock profits from American investors — whether you had the money or not.
www.foxbusiness.com www.foxbusiness.com

What we need is not new taxes. It's growth and that's what Trump is offering. He would keep his tax cuts in place and take less off corporations.

He'll let loose Elon Musk and Vivek Ramaswamy to shrink the bloated bureaucracy and cut costs. That is a plan.

One last thing. What the Democrats really want is a piece of the stock market action. They've seen the rally. They know that millions of people have made serious money.


That's why they tried a wealth tax designed to take your stock profits whether you had the money or not. They lost this time around, but they will be back.

My personal political favorite, Margaret Thatcher, put it best, "The problem with socialism is that eventually you run out of other people's money."
 
Black Friday online shopping this year set a new high, reaching $10.8 billion in sales, according to Adobe Analytics, which tracks U.S. e-commerce data.

That's more than double what online consumers spent on online shopping in 2017, when sales were just over $5 billion, according to Adobe.


U.S. air travel set a new record over the Thanksgiving weekend
Travel through U.S. airports set a record at the close of the Thanksgiving weekend, officials said, despite serious snowfall in parts of the country.

S&P 500 2 Year Return (I:SP5002YR)​

47.85% for Nov 2024

AWESOME RETURN OVER LAST TWO YEARS!!
 

Why there's a clear path for the Santa Rally​

Sam Boughedda

AuthorSam Boughedda
Stock Markets
Published 12/09/2024, 10:03 AM




6

© Reuters

© Reuters

US500
-0.59%

Investing.com -- The much-anticipated Santa rally seems set to continue, driven by a combination of "Goldilocks" economic data, supportive Federal Reserve policies, and solid earnings results, according to Sevens Research.
Key economic indicators released last week offered a balanced view of growth and stability, according to the firm.
They noted that the ISM Manufacturing PMI improved, signaling reduced contraction, while the Services PMI cooled slightly to mitigate fears of economic overheating.
Meanwhile, the latest jobs report highlighted steady labor market growth, with around 150,000 jobs added per month in October and November.
The Federal Reserve remains committed to easing monetary policy, with Sevens stating that commentary confirmed the likelihood of a 25-basis-point rate cut in December.
They added that corporate earnings, particularly from tech and consumer sectors, further buoyed sentiment with solid results. This trifecta of growth, falling rates, and stable earnings has propelled the S&P 500 to new heights, now above 6,000.
Looking ahead, the "clear path" for the rally into year-end could face challenges in early 2025, says Sevens.

The "optimistic set up has, as usual, been taken to limits by investors," writes the firm.
They explain that elevated valuations (22x forward earnings) suggest potential vulnerability to policy or economic disappointment.
Risks are said to include policy gridlock in Washington, geopolitical tensions, and tariff threats under the incoming Trump administration.
However, Sevens Research maintains an optimistic medium-term outlook. As long as economic growth persists, rate cuts continue, and corporate performance remains stable, any volatility may provide buying opportunities. Cyclical sectors, including financials, industrials, and energy, are well-positioned to benefit from these dynamics.
 
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