Tuesday, February 28, 2017

WEDNESDAY 3/1/17; Ash Wednesday; President Trump Speech Aftermath; Global PMI’s; LOW; AEO; BBY; DLTR; ODP; MYL; Personal Income and Outlays; ISM Mfg Index; European and US Stocks Print Epic Rally; Dow Tags 21K; S&P 500 Prints 2400; SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN All-Time Highs; Dow Theory Confirmation; Beige Book; BOX; GERN; XON; JUNO; SHAK

Today is the first day of trading for March. New money typically enters the market creating buoyancy in stocks. In the United States, President Trump plans to address Congress and the American people in a couple hours and promises to 

[Text is redacted. Purchase the 2017-03 chronology to enjoy March's economic and market history including new all-time highs in the stock market.]

Fed’s Brainard touts the Fed’s hawkish mantra stealing from Kaplan saying, “A rate hike will likely be appropriate soon.” The Fed members are taking a liking to the word “soon” in reference to rate hikes. Brainard says the economy is improving; she and Kaplan are singing from the same hymn sheet.

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