January 22, 2025. More for You ...

You're correct. After the election last November, the Dow Jones Industrial Average, S&P 500 SPX and NASDAQ Composite Index COMP all made significant gains, while the yield on 10-year U.S. Treasury ...

The resulting positive wealth effect is undoubtedly boosting consumer spending, especially of retiring baby boomers, who are enjoying the windfalls in the value of their stock portfolios and homes.