It’s great the stock market is setting records, but it’s not because the economy is great

Stocks on Wall Street have soared to fresh record highs, but it’s not because the economy is flashing a big thumbs-up sign. It’s not.

Retail sales ostensibly rebounded in October after declining in September, but a closer look at the numbers suggests consumers are not spending as much as they were earlier in the year. The central bank reduced rates mostly over worries that the U.S. trade war with China could endanger the economy, but tensions have eased as both countries returned to the bargaining table. That’s added to the confidence on Wall Street DJIA, +0.80% . SPX, +0.77%Escalating trade tensions in August and September dented consumer confidence and briefly spawned fresh talk of recession.

It’s because the smart money thinks Trump has won 2020!

0% GDP. Can you believe this sh*t?

Okay left wing finacialmedia

Tell that to the bank ….The $$ are accepted …..no matter why

Stop with the fake news! We know Trump policies are what’s making the market soar to new highs.

'Orange Man: bad'. 'Sincerily', M.W.

The left wing financial media folks

Keep America Great!

And you pretend to be a market related news outlet! It’s unfortunate that TDS is clouding your rationale.

Why don't you then explain? Please use facts and data not just anti trump rhetoric. Please talk about company earnings and exclaim why the stock market is wrong? Stop taking and show your numbers

The market is overvalued bc: 1- has momentum from 2009 2- Fed has provided low interest rates & massive liquidity 3- Inflation is low due to cheap imports, lack of demand , low wage growth due to automation & globalization 4- Low Bond Yields

Because of a lot of fake data

It’s because the smart money is pricing in a Trump victory!

MW, you need an enema.

Don't tell President Trump that. In Trump's mind (small as it is) it's ALL HIM!

Consumer spending hasn’t slowed. That being the case, why would it occur within the next 5 to 6 weeks?

No point in trying to figure out why the market keeps going up. Just enjoy the ride and sell when you hit an interesting profit.

WallStreet knows this ... Trump2020

is the safest place for you to tag your friends in news articles. We write and sell access to algorithms designed to combat misinformation. Follow us overlooked_inc

USAFirst KAG2020LandslideVictory

Own it going up own it going down Donnie baby!

most people do not own stocks so they have nothing to gain. US is borrowing money like crazy. if i lend everyone here 1 M dollars, i bet they go shopping like crazy and boost the consumer spending numbers like crazy. only issue is that they've spent money not belonging to them

Thanks mister president Trump

You're wrong as usual Watch for record holiday spending

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trade deal hopes, surging health stocks power Wall Street to highsWall Street's main stock indexes closed at record levels on Friday, fueled ... vampires getting rich on killing us why do investors believe anything out of this Admin. I mean tomorrow or Sunday China, Mexico, Canada,EU will say it is all BS. What trade deal? Orange said he wasnt going to do it
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street is getting very bullish as stocks hit records. Here's why that's worrisomeAnalysts and investors have grown extremely bullish following record highs for stocks, but optimism at the peak of the market is often a bad sign. Oh dear what can the matter be..? Algos go up. Then they crash. Not surprising...
Source: CNBC - 🏆 12. / 72 Read more »

European stocks seen higher on US-China trade deal hopesEuropean stocks were set to open higher Friday morning as traders digest optimistic sounds out of the White House on a prospective trade deal between the U.S. and China. Same shit everyday but there's no trade talk nevertheless. Enough of hoping of a trade deal on a wing and a prayer.Idiots, i see no deal coming i am smart enough to know trump is playing some kinda game. Its all about money manipulation. How much insider trading is going on here ? Ha ha talks?
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer: Cisco, enterprise tech stocks 'turned into market punching bags''The market wants nothing to do with tech companies that serve the enterprise, but ... it loves the consumer,' the 'Mad Money' host says.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Farfetch, NVIDIA, Applied Materials and moreStocks making the biggest moves after hours: Farfetch, NVIDIA, Applied Materials & more Great to see Nvidia doing well
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks set to nudge higher following overnight S&P 500 recordAsia markets were set to trade little changed on Friday following a record close overnight on Wall Street for the S&P 500. 😍 15 😍
Source: CNBC - 🏆 12. / 72 Read more »