President Trump doesn’t sound happy with the stock market. He broke his silence Wednesday about the market turmoil: “In the ‘old days,’ when good news was reported, the Stock Market would go up,” he wrote on Twitter.
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Trump’s complaints came two days after an awkward split screen moment: The Dow was Designer Fake Bags plunging more than 1,000 points just as he was giving a televised speech touting the economic benefits of his tax plan.
Wall Street’s darkest day since 2011 put the president in a tough spot because he took so much credit for the market’s big gains after he was elected.
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Consider the rude reaction on Wall Street to Friday’s jobs report, which showed that wages grew at the fastest pace since 2009. That’s a clear win for Main Street after years of weak pay increases for workers.
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If the Fed aggressively raises interest rates to fight inflation, it will remove one of the drivers of the bull market. Because of that fear, investors sold bonds, which drove yields to four year highs. Higher yields make risky stocks look less attractive by comparison. Thus the sell off.
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This inverse wholesale replica designer handbags reaction was so common that sometimes, as with a strong jobs report in August 2016, it was noteworthy Fake Handbags that good news was treated as good news.
Of course, the recent market turbulence is about more than the good news/bad news situation Trump alluded to.
The stock market boom since Wholesale Replica Bags Trump’s election became overheated. Euphoria set in, making the market more vulnerable to replica Purse sharp setbacks. A cool off period was long overdue and may prove to be a healthy thing.
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/wp-content/uploads/2018/02/logo-storelevel-azul-300x113.png00Viola Hipp/wp-content/uploads/2018/02/logo-storelevel-azul-300x113.pngViola Hipp2013-07-22 02:53:142018-09-24 02:53:44That's a clear win for Main Street after years of weak pay