A number of positive news of a fundamental nature helped the major US stock indices last week to reach new absolute highs.
In addition to continuing to receive positive reports from a number of large US companies, investors continue to assess the success of the US presidential administration in the implementation of campaign promises, in particular, a tax reduction plan for US companies and US citizens.
In addition, investors continued to analyze the appointment of Jerome Powell to the post of head of the Fed. The term of office of the current head of the Fed, Janet Yellen, will expire in February next year. “In a short time we have achieved incredible successes: Unemployment is at the lowest level in 16 years. We have two quarters with an increase (economy) of 3% – this is a great achievement, and things are going better with every week”, said Trump in the welcome speech. Powell is considered a supporter of the actions of the current head of the Fed, Janet Yellen, and is determined to
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