Wednesday’s Closing Look

Stocks soared on Wednesday fueled by more action from President Trump. On Tuesday, President Trump signed executive orders that will make it easier for TransCanada to build the Keystone XL pipeline. On Wednesday, Trump made it clear that he’s ready to build the Wall on our southern border. The fact that Trump is moving swiftly on his pro-growth policies was enough to send stocks higher and help the Dow top 20,000 for the first time in history.

Gary’s Thoughts: Duh! Dow has broken above 20,000. This does not mean it doesn’t tuck its head in like a frightened turtle in the next day or so. The move needs to hold. Keep in mind, a ton of earnings still to come out. But so far, we have very little in the way of compliants. More to come…