Previous SMW:
SMW for 16 February 2023




AT THE CLOSING BELL ON 16 February 2023


Dow Jones 33,696.85 -431.20 (1.26%)
S&P 500 4,090.41 -57.19 (1.38%)
Nasdaq 11,855.83 -214.76 (1.78%)

Market Conditions During Trading Hours:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

As the Reagan years ended, the uncertain future hung like a temperature inversion over America's substantial prosperity. The economy was enjoying the century's longest peacetime recovery cycle. But economic power and riches were realigning around the world, and the two most striking economic groups of 1989 represented a stark contradiction: billionaires – and the homeless. Prophecies for the future were just as mixed.

Kevin Phillips. The Politics of Rich and Poor: Wealth and the American Electorate in the Reagan Aftermath. Random House. © 1990.