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RE: actually, it's up 38% ...
Posted on: February 24, 2017 at 15:50:02 CT
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From November 8 to the middle of last week, according to data from Howard Silverblatt, the Dow Jones Indices senior industry analyst for S&P, financial stocks in the S&P 500 rose by nearly 23 percent. Non-financial stocks in the index were up by just under 8 percent. That means Wall Street stocks have risen nearly three times as fast as stocks from other industries.
In the Dow, it’s particularly pronounced: One investment bank, Goldman Sachs, has risen nearly 40 percent — and contributed 20 percent of the gains for the entire stock index since the election. Goldman, not coincidentally, is the alma mater of several top Trump advisers, including Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, and chief strategist Steve Bannon.
In the Dow, it’s particularly pronounced: One investment bank, Goldman Sachs, has risen nearly 40 percent — and contributed 20 percent of the gains for the entire stock index since the election. Goldman, not coincidentally, is the alma mater of several top Trump advisers, including Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, and chief strategist Steve Bannon.
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RE: actually, it's up 38% ... - Rabbit Test MU - 2/24 15:50:02