The market may be telling us about the ouctome of the mid-term elections as well.

Once again economists’ forecasts fell short in November, with the surging economy generating 228,000 new jobs compared to estimates of fewer than 200,000.

Preliminary numbers show that online sales on Thanksgiving and Black Friday surged to record highs, with Cyber Monday sales likely to do the same.

Stock prices were predicted to drop after Donald Trump won the election a year ago, but the Dow has risen 5,000 points since then. Trump is taking the credit, but investors been focusing on company sales, profits, and earnings.

One measure of how the U.S. economy continues to exceed expectations is the Economic Surprise Index published by Citigroup, which is used to measure how the economy compares to those expectations. At the moment at least, it reflects the ebullience reported elsewhere.

 

 

 

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