Posted on 07/19/2023 12:57:02 PM PDT by SoConPubbie
“John Carney, smart guy that you are, why is the stock market booming?” Kudlow asked.
Carney identified two possible factors. First, the market on Tuesday might have responded positively to the news that Trump could be facing another indictment from the Biden Department of Justice’s Special Counsel Jack Smith.
“People say Trump is getting more likely to get elected every time they’re threatening to indict him, and everybody remembers that the stock market did really well when Trump took office. So, I think people are saying, ‘Yeah, look, that’s happening,’” he explained.
“I think there’s also a little bit of interpretation of the retail sales number,” he continued. “People said it came in weaker than expected. It was 0.2 on the headline number rather than 0.3. So, they said maybe that means the Fed doesn’t have to raise as much, maybe we’re going to get a soft landing. I think that’s wrong, but I think that’s what boosted the stocks.”
Kudlow displayed a graphic comparing the stock market’s performance during the Trump and Biden presidencies.
“Look at the Trump stock market versus the Biden stock market,” Kudlow said. “Even with this rally, last year was a very, very bad year for the stock market. So, some of it’s coming back. But Trump did very well. So, I just wonder, I mean, I know it’s a bit cynical, but nonetheless, the more Biden wants to throw Trump in jail, the more people come around to Trump’s side because they see Biden politicizing and weaponizing the justice. Now, ”
(Excerpt) Read more at breitbart.com ...
Imagine what a 50% reduction in the federal workforce could do for the stock market?
Latest boom?
Interesting how Wall Street seems to be holding its own during the Bidenomics wheres main street it suffering
Lots of money has nowhere to go. BRICS still isn’t a stable economic migration for money.
Headline doesn’t seem to match the statements in the article at all.
A S&P 500 index fund I like to invest in is up 19.6% since Brandon stole into the WH two and a half years ago. That's a measly gain for two and a half years, especially with Bidenflation devaluing the dollar.
Or, maybe the market thinks the Fed is done raising rates. Or they’re hoping that AI will double productivity worldwide. Or perhaps it’s just a momentum play, and will collapse next week.
Regardless of why, I lost 2k in the stock market when president taterhead shuffled into the Whitehouse before I could stop the bleeding.......I have resolved to stay out of investing until that idiot either leaves office or croaks.
In the spirit of this story, I doubt seriously the prospect of a Trump over biden victory had a damn thing to do with it.
Anti-energy, anti-business, pro-crime, anti-border control, pro-illegals, pro-inflationary monetary policy, huge tax hikes, pending reparations payments, possible WW III.
Honestly, I cannot understand why the markets aren’t doing better.
If you don’t mind my asking about that $2K loss;
was that invested in individual stocks? A stock fund?
or perhaps it was a Margin Call on Futures?
I have a very low number of shares on various industries.
I’m slowly learning what to expect via my small model.
Common Stock Index Investment Fund is where it was before I was able to move it.
It probably won’t be too popular here, but my investment program allows for moving funds into a government Securities Investment Fund (among other investments).
It doesn’t quite cover my monthly disbursement, but it is certainly more stable than what I’ve considered for a while now to be a volatile stock market.
...and people go to this guy for stock advice??
Ah, no. Biden is juicing the market. The market is melting up.
All the retirement funds constantly get money coming into them. They need to invest that money. Every day banks get money coming in. If the banks are going to pay interest or dividents or make mortgages, they need to invest that money. Ir's got to go somewhere.
A lawful, constitutional alignment would result in a 99% reduction.
I hope I’m not the onky one angry over the Trump treatment!! I simply cant take it and keep calm. How can DJT stay in there to save us from destruction.
They are dumb, ignorant and ugly inside..but they are doing the devil’s work. They cant tolerate anyone in a position they have deemed theirs.. so kill the messenger..
People have been ignorant and blind since forever. When serving the snake, you become a snake.. and do the dirty work of the pit..
The stock market needs to go up at least 10% a year simply to tread water with Bidenflation.
“Imagine what a 50% reduction in the federal workforce could do for the stock market?”
Dollar-wise, no big effect. HOWEVER, getting rid of the Fascists there, including the ones at the IRS and EPA and related, then the stock market will SOAR!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.