Some individuals are concerned about how justified the market rally has been since the election.
In late 2016, we saw jobless claims fall to the lowest records we have seen since 1973 at 253,000.00.
Those claims have fallen even lower to 234,000.00/243,00.00 (consensus) in the first quarter of 2017.
We have seen that from 2015 to 2016 corporate profits rose 22.3%
We also see that these corporations are paying 18% less in taxes in the last 6 months.
We see corporate revenues increasing, and tax liability decreasing.
These are just some of the reasons as to why the market rally shows some justification.
https://www.bloomberg.com/news/articles/2016-10-13/jobless-claims-at-42-year-low-as-u-s-employers-shun-firings
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