Dow Jones futures are projecting a new record high as investor optimism swelled following President Trump's first speech before a joint session of Congress.
On Tuesday, the Dow Jones snapped its 12-day winning streak of record closing highs. A lackluster round of earnings results and weak economic data weighed on investor sentiment.
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(Kitco News) -Tuesday evening's speech by U.S. President Donald Trump to the U.S. Congress was deemed to be optimistic and much more "presidential" than some of his campaign or press conference rhetoric, and that has worked to somewhat assuage the world marketplace and add to a "risk-on" mentality in markets Wednesday. World stock markets were mostly higher Wednesday. U.S. stock indexes are pointed toward higher openings when the New York day session begins. U.S. stock indexes are at or near record highs.
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Legendary investor Warren Buffett released his annual letter to Berkshire Hathaway shareholders over the weekend, sending many "experts" and investors into a frenzy as they try to mimic Buffett's investing style and, therefore, his profits.
But here's the thing…
Simply mirroring what he does will not get you where you want to go. Chances are, it won't produce the returns he gets, either.
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