https://www.cnbc.com/2018/01/18/stock-m ... llion.html
GDP has increased from 1.6% in 2016 to three straight quarters of 3% growth in 2017 depending on who you ask. Q4 just came out low at 2.6 but will likely be adjusted upward.
Although my Google skills are lacking, so I can’t provide an exact citation, I’ve heard repeatedly on CNBC and fbn that that type of GDP growth improvement over three quarters equates to a trillion dollars worth of Main Street economic activity - driven by strong capital investment and consumer spending numbers.
And all this has occurred despite three fed funds rate hikes in 2017. That makes the cost of money more expensive and is designed to slow the economy down to avoid inflation. there werent three rate hikes in the entire Obama presidency. Shit, I remember even a whisper of a rate hike during the Obama presidency and the stock market would drop 200 points that same day and stop it in its tracks.
Next year? Fuggedaboutit. Tax reform will blow the doors off 2017.