- In April 2025, as U.S. stock markets were melting down in reaction to Donald Trump’s so-called Liberation Day edicts, the president’s top adviser on tariffs, Peter Navarro, proclaimed that not only would markets rebound but that the Dow Jones Industrial Average also would soar past 50,000 points.
It turns out I was (happily) wrong and Navarro was right, much to the relief of the 62% of American adults who own stocks.
The Dow not only closed past the 50,000-point milestone for the first time in history on Feb. 6, but the Dow, S&P 500 and Nasdaq indexes have each gained more than 10% in the past year.
I hear what you’re thinking: The stock market isn’t the economy.
That cliché is both true and false.
- True in that not all dinghies rise when the markets swell.
- But false because of what the markets do measure – the financial health of companies that cut paychecks for the vast majority of Americans.
The data is clear: Trump's economy is strong...
No comments:
Post a Comment