A turbulent period for stocks around new tariff policies from the White House has remarkably given way to Wall Street’s longest winning streak in 20 years.
The S&P 500 rose again on Friday, notching a ninth straight positive session for the first time Nov. 5, 2004.
The index also traded above its April 2 close for the first time since the major tariff announcement a month ago.
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Not to be outdone, the Dow Jones Industrial Average also cashed a ninth straight winning day, its longest streak in more than a year. In London, the winning streak for the FTSE 100 index hit a record of 15 consecutive days. //
As we’ve noted, Trump plays these games with the media, Democrats, and his political enemies like it’s a best-of-seven series. It’s not over after one game, whereas his detractors act like the clowns who think winning the season's first game means they’re championship-bound. Trump’s enemies have had their best-laid plans at every turn, and narratives get burned to ash.
