Thursday, November 17, 2016

FRIDAY 11/18/16; ECB President Draghi Speaks; US Dollar Index Above 101; OpEx; Fed Speak; ANF; BKE; FL; HIBB; COMPQ (Nasdaq Composite) and RUT (Russell 2000) New All-Time Record Highs

US major stock indexes are near or above all-time record highs. The S&P 500 all-time record high is 2193.81 and all-time closing high at 2190.15 from 8/15/16. The SPX will begin the Friday session in a few hours at 2187. The Dow Industrials all-time record high is 18934.05 on 11/14/16 and 18923.06 on 11/15/16. INDU, or DJI, begin at 18904.

The Nasdaq Composite 

[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]

Trump plans to meet with former presidential candidate Mitt Romney tomorrow at a neutral location (one of Trump’s golf courses in New Jersey). There are rumors that Romney is in play for the secretary of state job but that is probably unlikely. Trump likely needs many names and recommendations of good people to hire and needs input from Romney. Trump and Romney exchanged bitter words during the campaign season. The parade of boot-lickers continues at Trump Tower as politicians and power-seekers ride the elevators to the penthouse to kneel in front of the orange-headed showman kissing his wingtips and requesting a job.

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