Why Stock Markets Are Booming

Why are stock markets booming? Joe Weisenthal (@TheStalwart) wrote a Twitter thread extending his piece at Bloomberg Markets. (Scroll down to read his “Three Simple Reasons We’ve Seen Such a Ferocious Stock Market Rally.” Here are the level and month-to-month percentage change in retail sales since January, 2000.

Retail sales, level, monthly

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Retail sales, percent, monthly

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By my count, Joe has ten reasons in the thread.  Without further ado, here it is.

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.