Breitbart Business Digest: Trump Is Rising in New York City

, Donald Trump is not going to win New York City. Even Ronald Reagan failed to win over a majority of the city’s voters in the 1984 election in which he won 49 states. The last Republican to win a majority in New York was/Siena. That’s a far larger share than his 22 percent in 2020 or 18 percent in 2016.

One worrisome detail from the Conference Board’s measure is the record breaking confidence of consumers that. According to the Conference Board, 51.4 percent of consumers expect the stock market to rise. That’s the biggest share since they started asking the question in 1987.overwhelming bullishness is usually a contrary indicator

. The reason for that is simple. The stock market is forward looking. So, expectations of a rising market get priced in immediately, which leaves less room for the market to actually rise. The S&P 500 is up more than 23 percent year-to-date and is currently trading near the dot com bubble valuations. This is not a guarantee that stocks will fall next year, but it is a reason for caution.

The company’s stock rose 15 percent in New York trading, bringing the total rally to a remarkable 330 percent over the past five weeks. This surge has increased Trump’s paper stake in the media firm, which owns the Truth Social platform, to about $6 billion.. This strikes us as odd. If Trump is elected president, he will have far less time to devote to the media company that bears his name. And his statements will be issued through official channels rather than Truth Social.

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