U.S. Equities Look Bullish
- The Dow Jones Industrial Average notched new record highs last week
- U.S. GDP grew faster than expected with 2.8% growth.
- Hiring was strong in October even amid a government shutdown.
The macro news out of the U.S. was very strong last week, indicating that October wasn’t quite so bad that many had expected given the shenanigans in Washington.
This could be another nail in the coffin of the stock market bears who think this rally is going up in smoke. And if that’s true, Twitter isn’t the only stock that’s got momentum on its side.
If you want to play this trade broadly, the best way is to simply buy the market broadly — via the SPDR S&P 500 ETF (SPY) or any other index fund pegged to a major U.S. index.