2017 have seen surging US stocks, with a marked number of record highs for the Dow, S&P and Nasdaq.
But what's behind the increases? A tweeting President, or company performance?
IN: "Ringing in...."
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TAKE VO
Ringing in the record highs. Wall St's three indexes heading higher has become a regular occurrence for broadly one reason, says Chief Economist at TS Lombard, Steve Blitz.
SOT - Steven Blitz, Chief Economist, TS Lombard: "The global economy is doing better. Europe is turning, China has turned at a very strong first quarter, first half, the emerging markets are turning. And a larger percentage of S&P revenue comes from global sources as opposed to say 10, 15, certainly 20, 25 years ago."
TAKE VO
As of last week, the Dow Jones had notched up 35 record closes in 2017
It's now half way to its best ever year, 1995's 70 record closes
And it's not just the Dow - the S&P has rung up 30 record highs
While the Nasdaq has managed 44 - the most since 1999
TAKE VO
Strong US earnings have certainly helped. The S&P 500 is reporting two consecutive quarters of double-digit earnings growth - something not seen since 2011.
Plus low unemployment and low inflation have given extra confidence to invest on Wall St and spend on Main Street.
Businessman, turned President, Donald Trump has noted the market increases since he was elected.
TAKE VO
But what's behind the increases? A tweeting President, or company performance?
Nick Harper looks at the reasons….. and the risks that lie ahead.
IN: "Ringing in...."
OUT: SOC
DUR: 2:25
AIR: http://www.fsnradionews.com/feeds/0814wallst-nh-air.mp3
ARN: http://www.fsnradionews.com/feeds/0814wallst-nh-arn.mp3
FM4: http://www.fsnradionews.com/feeds/0814wallst-nh-fm4.mp3
GENERIC: http://www.fsnradionews.com/feeds/0814wallst-nh-gen.mp3
ICRT: http://www.fsnradionews.com/feeds/0814wallst-nh-icrt.mp3
NIGERIA: http://www.fsnradionews.com/feeds/0814wallst-nh-von.mp3
938LIVE: http://www.fsnradionews.com/feeds/0814wallst-nh-938.mp3
RNZ: http://www.fsnradionews.com/feeds/0814wallst-nh-rnz.mp3
VATICAN: http://www.fsnradionews.com/feeds/0814wallst-nh-vat.mp3
ZIZ: http://www.fsnradionews.com/feeds/0814wallst-nh-ziz.mp3
TAKE VO
Ringing in the record highs. Wall St's three indexes heading higher has become a regular occurrence for broadly one reason, says Chief Economist at TS Lombard, Steve Blitz.
SOT - Steven Blitz, Chief Economist, TS Lombard: "The global economy is doing better. Europe is turning, China has turned at a very strong first quarter, first half, the emerging markets are turning. And a larger percentage of S&P revenue comes from global sources as opposed to say 10, 15, certainly 20, 25 years ago."
TAKE VO
As of last week, the Dow Jones had notched up 35 record closes in 2017
It's now half way to its best ever year, 1995's 70 record closes
And it's not just the Dow - the S&P has rung up 30 record highs
While the Nasdaq has managed 44 - the most since 1999
TAKE VO
Strong US earnings have certainly helped. The S&P 500 is reporting two consecutive quarters of double-digit earnings growth - something not seen since 2011.
Plus low unemployment and low inflation have given extra confidence to invest on Wall St and spend on Main Street.
Businessman, turned President, Donald Trump has noted the market increases since he was elected.
TAKE VO
But analysts like Douglas McIntyre from 24/7 Wall St say it's more a case of good timing for the President - that the markets would likely have reacted this way no matter who was in charge.
SOT - Douglas McIntyre, 24/7 Wall St: "I think it has nothing to do with him. Because you can't point to something and say that affected the economy, that affected employment, that affected earnings. Most of these things are driven by an economic engine that has been going for seven or eight years. So I don't know you could say he could either be faulted or that you could him credit for this."
TAKE VO
SOT - Douglas McIntyre, 24/7 Wall St: "I think it has nothing to do with him. Because you can't point to something and say that affected the economy, that affected employment, that affected earnings. Most of these things are driven by an economic engine that has been going for seven or eight years. So I don't know you could say he could either be faulted or that you could him credit for this."
TAKE VO
But beware the black swans. Geopolitical tensions with the Democratic People's Republic of Korea have been upsetting the markets.
While domestically more stalling over health care and tax reforms could create a sell off.
But although August and September are historically the worst two trading months of the year, for now the sound of success is expected to continue.
SOC
ENDS
While domestically more stalling over health care and tax reforms could create a sell off.
But although August and September are historically the worst two trading months of the year, for now the sound of success is expected to continue.
SOC
ENDS