US indices ignored a weak quarterly report from Goldman Sachs and have seen very strong open. US30 moved past 29000 points as Larry Kudlow, top economic adviser to president Trump, promised a series of new tax cuts in the election year. US30 has been in a very steep upwards channel since September 2019.
Chart of the day - US100 (16.10.2025)
Daily Summary – Wall Street Rally Driven by Powell’s Promises
US Open: American Indices Rally on Anticipated End of Fed Balance Sheet Reduction
DE40: Good earnings and cautious optimism