The markets continue to rally, and this has many wondering – will this be the longest bull market in history? From the ashes of March 9, 2009, when the S&P 500 hit its low of 666, the market has climbed to an impressive 2,862 as of yesterday’s close. That’s a total of 3,453 days. Major market movers like Netflix – up more than 5,500 percent – have greatly influenced this bull market. In this episode of Varney & Co., D.R. discusses the only factors that could change the course of the bull market come this fall. Click here to watch.
While it’s easy to underestimate the power of emerging markets, they have a much greater influence on the established markets than you may expect. On Monday, Turkey’s currency took yet another nosedive, roughly 11% against the dollar, and this shook the U.S. markets and other major markets around the world. And that’s on top of a 20% plummet from last week. Much of the issue stems from a clash between Trump and the President of Turkey, Erdogan. On Friday, Trump gave the green light to double steel and aluminum tariffs on Turkey, signaling that relations between the two countries are not good. Nevertheless, on this episode of Varney and Co., Stuart Varney shares a barometer for Turkish investment that’s up 6 percent today. D.R weighs in on whether this momentum will last and cease to affect the U.S. markets. Click here to watch.