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1.Market Observations, 8.Was Sticky

27 Feb 2017 (AFR) -DJIA winning streak hits 11 ahead of Trump tax cut details

(27 February 2017, AFR, p20, by Vesna Poljak)

‘The Dow Jones Industrial Average set a record high for an 11th session in a row, raising the stakes ahead of United States President Donald Trump’s major congressional address this week which markets are counting on for details of his promised tax cuts. The winning streak on Wall Street, capped by the longest record-setting run for the Dow since 1987 on Friday, sets the markets up a nervous few days ahead, with the upward move made in anticipation of Mr Trump’s ability to reduce company taxes, ease regulation and fuel an infrastructure boom.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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