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Stock Market Under Trump
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But hey OT:
If we're gonna give Trump credit with a rise, we should give him credit for the fall. This spending bill is what caused the dip, imo. It's so large of a dip because we're seein the market "correct" simultaneously with investors selling off due to the interest rate hikes. Anyone who thought the market would continuously go up and up and up is ignorant to how the stock market works. Most of us knew, expected even, that this would happen, though I doubt anyone saw the market dropping like 2k points in a week. There really is no cause for alarm though. It will hit 24k again by next week, 25k within a couple weeks. ------------------------------------- Below is an excerpt from https://www.investors.com/politics/edito...verything/ Trump set in motion economic policies premised on deregulation, low taxes and the rule of law. These three things alone have convinced corporations, small businesses and entrepreneurs that it's a good time to be investing and building things in America. In short, the stock market's rise has been driven by the anticipation of higher productivity and greater profits to come for America's makers and those who invest in them. So why did markets tumble in recent days? The jobs data showed a surprisingly solid 200,000 gain in jobs and the best wage gains in years. This terrifies the inflation-averse bond market. Inevitably, the bond vigilantes will pressure the Fed to raise interest rates more than the three to four times expected this year, to "cut-off" future inflation. That's why the market panicked — not because Trumponomics is a fraud. The point is, markets respond to existing conditions. Not to wishes or hope or change. But they also anticipate trends in the near future. Given the market's gains of the last 12 months and economic changes in the works, that future is much brighter than the media are telling you. |
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