The year started with a 30606 Dow Jones average, and in 10 months, added nearly 6000 points, the sixth 1000 milestone for the year (albeit earlier to do with a Dow above 30000).
The powerful bull market continues in spite of supply chain disruptions, inflation above 2 percent mark and threat of rising rates next year.
Earning have been the strongest driver this fall and the Fed continues to signal their belief that inflation will moderate and the tightening will be slow (scale back the taper over 7 months). The federal government continues to provide a promise – trillions in new stimulus.
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