Now we know the stock market won’t care if Trump falls

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'We’re seeing the clearest signs yet that markets may not have Trump to kick around for very long — and they don’t care much.' -- TimMullaney

“If they actually did this the markets would crash,” says the would-be president-for-life, cruelly limited by recent events to president-for-now. “Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t!”

Close to record highs As momentum built to impeach the 45th president of the United States, with a majority of the House of Representatives now favoring an impeachment inquiry, the Dow Jones Industrial Average DJIA, +0.36% dipped 0.4% for the week and the Standard & Poor’s 500 SPX, +0.50% fell 1%. They’re still within 2% of all-time highs.

After the election, the rally was led by financial-services stocks — a twofold bet on higher interest rates that would boost profits at JPMorgan Chase JPM, -0.03% and Bank of America BAC, -0.61% , which never materialized, and looser regulation. Trump talks down the markets Instead, now we talk about the ways Trump hurts — usually when he talks about trade.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

timmullaney The rich will pull every penny out of the market because they will be taxed up the butt.

timmullaney Really.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines