As the Media Industrial Complex, Nancy Pelosi and most of the world whined about President Trump pulling out of the Pairs Climate Accord there were only smiles on Wall Street yesterday. The Dow, S&P and Nasdaq all closed at record highs even with the announcement of a sub par jobs report that did not meet market expectations.
U.S. equities rose to record levels on Friday as Wall Street shrugged off a jobs report that came in well below expectations.
The Dow Jones industrial average closed about 60 points higher and reached its first intraday record since March 1 as well as its second straight record close. The S&P 500 and the Nasdaq composite also managed intraday and closing records.
“This was the closest thing to a nonresponse you’re going to see,” said Michael Shaoul, chairman and CEO of Marketfield Asset Management, referring to the market’s reaction to the jobs report. “This isn’t a report that warrants a strong response in financial markets and I don’t think you’re going to get one.”
THIS IS THE BIG STORY COUNTRY AND ECONOMY BEHIND TRUMPS PULLING OUT OF PARIS STOCKS WAY UP ?? WINNING pic.twitter.com/7acZ2YLb3u
— George Willis (@yotaman22re1) June 3, 2017
Looks like President Trump’s America First agenda is continuing to pay off as record highs in the market have been coupled with the highest consumer confidence rating in almost 15 years. American Lookout can exclusively report that liberal snowflakes are melting at record pace with all the winning that Trumps administration has achieved, although it has yet to be confirmed if this melting has a direct correlation with the stock market all time highs.
Scott Adams asks:
Trump pulls out of Paris Accord, stocks rise. Why isn’t the end of civilization priced into the market?
— Scott Adams (@ScottAdamsSays) June 1, 2017