President Trump said we would be tired of winning. His actions with the economy are stunning and America does just keep on winning!
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Today the stock market index the S&P 500 broke the 3,000 mark for the first time in history! According to CNBC today –
The S&P 500 gained 0.6% to break above 3,000 for the first time ever as the energy and tech sectors outperformed. The Nasdaq Composite also hit an all-time high, rising 1%. The Dow Jones Industrial Average jumped 195 points to a record, led by Chevron and American Express.
In spite of the efforts by Jerome Powell at the Fed to kill the Trump economy, the markets keep going up. Powell and the Fed have risen rates dramatically to kill the market’s surge since the 2016 election. Every time for some time the markets reached a new high, the Fed would increase rates. This is after the Fed gave Obama the most accommodating Fed rates ever.
Today Powell hinted that he may actually lower rates. We’ll see. His actions to date have been counter intuitive to his mandate to keeping the economy healthy.
Nevertheless, Powell and the Fed never imagined the President Trump’s economic actions would work so well.
Thanks to President Trump America is Winning, Winning, Winning!