- The stock market raced to fresh record highs today.
- The Dow Jones was bolstered by solid retail sales and better than expected jobless claims data.
- But stocks may not be out of the woods yet.
The Dow Jones pushed further into record territory on Thursday after U.S. retail sales hit their target and jobless claims dropped unexpectedly.
A euphoric U.S. stock market is basking in thepossibility of more tax cutsand the de-escalation of the trade war. But the rally in the Dow ignores lingering concerns about the enforceability of the phase one deal.