美股牛市

由2019年第二季美股持續了十年牛市, 因素如下:-

1.由2009年開始了的三次QE;

2.道指部份成份股公司回購自己公司股票令市場流通股數減少;

3.美國總統特朗普2018年減公司利得稅;

4.美國聯儲局2019年息率減了3次,由2.25%~2.5%減至1.5%~1.75%。

道指2019年11月4日升114點收27462點反映美國總統特朗普為尋求連任, 盡力維持美國繁榮的經濟景氣。

Since 2019 Quarter 2, the US stock market is keeping a bullish market for almost 10 years based on the following reasons:-

First, it started 3 rounds of quantitative easy-ing since 2009.

Second, some of the Dow Jones composition companies buy back their shares led to the number of shares circulation in the stock market decrease.

Third, US President Donald Trump reduced the corporate profit tax.

The US Federal Reserve reduced 3 times of the discount rate in 2019 from range of 2.25%~2.5% to 1.5%~1.75%.

The Dow Jones Index closed 27462 and raised 114 points at 4 Nov 2019 reflects US President Donald Trump need to success in 2020 election and try to maintain the prosperity of USA economy.