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How soon will the Dow hit 26K?

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Published on Jan 12, 2018

Bullseye Brief founder Adam Johnson discusses how tax reform will impact the markets and when the Dow may hit 26,000.

Detected Closed Captioning: TRISH: MARKETS IN RECORD TERRITORY. UP NEARLY 200 POINTS. DOW CLOSE TO 26,000. WE’RE LESS THAN 300 POINTS AWAY. LET ME REMIND YOU, WE JUST HIT 25-K JUST LAST WEEK. APPLE, A LOT OF FOAL THE OWN APPLE, APPLE HITTING ALL-TIME HIGH. WHERE THE MARKET IS GOING FROM HERE, “BULLSEYE BRIEF” FOUNDER ADAM JOHNSON. ANYBODY READING YOUR RESEARCH OR YOUR NEWSLETTER MADE A HECK OF A LOT OF MONEY. THE MARKET SINCE THE DAY TRUMP WAS ELECTED. >> I HAVE BEEN. WE HAVE HIGHEST NUMBER OF AMERICANS IN DECADES ACTUALLY WORKING, MAKING HIGHEST ADJUSTED GROSS INCOME. 2/3 OF OUR ECONOMY IS CONSUMER DRIVEN. THAT IS SO GOOD FOR AMERICAN COMPANIES. WE HAVE TAX REFORM, TRISH, LIKE ROCKET FUEL. UNION PACIFIC SAID TAX REFORM, UNION PA STICK THE RAILROAD, WILL SAVE IT 6 BILLION IN IN TAXES. ECONOMY AND INTO CAPITAL INVESTMENT. SUCH A GREAT STORY. THIS MONEY IS GOING SO WORKERS. >> YES. TRISH: WALMART CAME OUT AND SAID — >> I LOVE IT. 11 BUCKS AN HOUR. TRISH: 1000-DOLLAR BONUS THIS YEAR. >> YEAH. GREAT AMERICAN STORY. TRISH: MINIMUM WAGE PER HOUR, A LOT OF PEOPLE ALREADY MAKING MORE THAN THAT BUT THEY SAID THEY’RE PUTTING IN A FLOOR THERE OF $11. INCREASING MATERNITY LEAVE FOR PREGNANT WOMEN. BACK. AND WE’VE SEEN CORPORATION AFTER CORPORATION, HUNDREDS OF THEM COME OUT TO SAY THEY ARE GIVING EMPLOYEES AN INCREASE IN WAGES AS A RESULT. >> YES. TRISH: SPECIFICALLY THEY ALL SAY AS A RESULT OF THE TAX CUT. >> I LOVE IT. THAT IS WAY IT SHOULD BE. MY VIEW OF GOVERNMENT IS SMALLER IS BETTER. I’M LIKE RONALD REAGAN. THE SMALLER THE GOVERNMENT THE BETTER. GOVERNMENT’S ROLE SHOULD BE TO CREATE STABLE PLATFORM BUSINESSES AND PEOPLE TO PROSPER AND GET OUT OF THE WAY. THAT IS EXACTLY WHAT TAX REFORM IS ALL ABOUT. ALLOCATE CAPITAL MORE EFFICIENTLY. THEY’RE DOING. TRISH: GOSH, I WISH YOU WOULD BE AROUND TO SEE MY INTERVIEW WITH THE CALIFORNIA CONGRESSMAN. TRISH: I GAVE HIM HELL, RIGHT. >> YOU GAVE HIM HELL. TRISH: WE’LL SHOW VIEWERS A LITTLE EX-EARTH COMING FROM THAT. A LOT OF PEOPLE ON THE LEFT DO NOT LIKE IDEA OF MONEY GOING BACK TO INDIVIDUALS OR IT AND DECIDE WHERE IT. SHOULD GO. THAT DOESN’T HELP THE ECONOMY. >> ONE OTHER THING THE DEMOCRATIC CONGRESSMAN DIDN’T DON’T WANT THE ECONOMY TO DO WELL, IF THE ECONOMY DOES WELL THEY WILL NOT RETAKE THE HOUSE OR ATTEMPT TO RETAKE THE SENATE BECAUSE PEOPLE VOTE WITH THEIR POCKETBOOKS. REMEMBER EVEN JAMES CARVILLE, THE STRATEGIST FOR BILL CLINTON, IT’S THE ECONOMY, STUPID. THE ECONOMY IS DOING GREAT. WE WILL HAVE 4% GDP. WE’LL SEE 17% EARNINGS GROWTH. BULLISH. TRISH: 30,000 ON THE DOW BY 28,000 IN SHORT ORDER. AGAIN IT IS FOR VERY REAL REASONS. EARNINGS, EMPLOYMENT, TAX THAT WILL PUT MONEY BACK INTO DEFENSE, INTO INFRASTRUCTURE. COMPANIES ARE GIVING PEOPLE MONEY BACK. A GREAT AMERICAN STORY.

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