Correct me if Iām wrong but this way to bias of a reasoning. Basically it says āwe know there is good reasons to cut the rates, jobs this, jobs that, but hear me out, fuck the P R E S I D E N T and what they want even if itās reasonableā. Is overall a childish argument that hurts more people with no valid reason.
Not yet, they said the same thing about 100 times in 1995 and 1996 and were wrong every time.
Data:
In 1995, the S&P 500 set a record for the most record-high closes in a calendar year, with 77 new highs, while theĀ [Dow Jones Industrial Average](https://www.google.com/search?sca_esv=20f6847e24f004ff&cs=0&sxsrf=AE3TifNchRlFHEYYHP0Wa_j42co02Y9PUw%3A1757647827223&q=Dow+Jones+Industrial+Average&sa=X&ved=2ahUKEwjLxOaypNKPAxW2DTQIHcHkAo4QxccNegQIAxAB&mstk=AUtExfCp-l9-jY6OAxmCPPAnEVOPjVgK-JZsZ4cgApbqAp3z_C8rQgB6puvSHavH701i-04KwRkpyTKIAYhWNTCJ38TweBxQcH7stePN3UkVdfjSJKqgBteoPGl8lHwo4TzJCRn1I1TyHlGnesuIIDUyY86i1i9614o0--N-cTFgBFyBQya8MeBZv76B1rcBBTyXw9gR4rIQF9xbsWuZ59R4ppOa_i12sXV30BBZfRWOWvDLZao222g0wseLeAmfIpXEd2gwLTo3bbS6bEy8GPeSA6cbajWvjb9_hqTikOspy-r-hyhYvogvsMj9__R3-Sezew&csui=3)Ā also had 69 record closes, making it one of the best performing years on record for both major indices.Ā S&P 500 RecordĀ
* The S&P 500 had 77 record-high closes in 1995, which remains a record for the most new highs in a single calendar year.
* This was equivalent to a new high about every 3.3 trading days.