DJIA Futures Push Higher on Trump’s ‘Phenomenal’ Tax Plan

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.
DJIA futures were pushing higher as investors reignited the ‘Trump Trade’ and placed increased optimism in the president’s planned economic policies. President Trump has promised to introduce a ‘phenomenal’ tax plan in the coming weeks. The S&P 500 is now up 8.3% since Trump won the election in November. On the global front, it looks like Greece is on the verge of yet another bailout deal. On Saturday, Greek Prime Minister Alexis Tsipras demanded that international leaders avoid adding new austerity burdens on the nation. Tsipras’ warning came the same day that European Commission President Jean-Claude Juncker warned that any bailout deal was still on ‘shaky ground’ because the International Monetary Fund has not fully assessed the situation and stated what its role will be through the process.
This is just another reason why the European Union is on its way to collapse. Money Morning Global Credit Strategist Michael Lewitt offers his insight into the future of the European Union and concludes with a shocking prediction: The EU won’t last another five years.
On Friday, the Dow Jones hit another record high as markets cheered statements by President Donald Trump on his plans to reform corporate taxes.

This post was published at Wall Street Examiner on February 13, 2017.