Friday, May 17, 2024
40,000! RECORD HIGH $$$
The "Dow", a classic index of the value of stocks, closed above the magic number 40,000 today for the first time ever in history.
Toward the end of Trump's term in office, the Yield Curve inverted. That is usually a sign of a recession that is likely to follow (see below).
However, despite many fears and "predictions" of gloom, with numerous measures that stimulated the economy the Biden administration not only avoided a recession, but great growth seems strongly under way.
The economy is strong. And improving.
ON THE YIELD CURVE INVERSION UNDER TRUMP - CNBC
Labels: 000, 40, 40K, DOW, yield curve
