The stock market fell on Monday. A lot. … President Trump has spent lots of time bragging about the stock market over the past year, from dozens and dozens of references in his Twitter feed to a riff about it in last week’s State of the Union address. Moreover, the […] Read more »
The instant-gratification president reaps what he sows as markets sink
… The Dow was soaring, and Trump was tweeting and all was well. Each day the market was up was a good day for Trump and he missed few opportunities to make that case to the public. The Dow’s gains were even maybe reducing the federal debt somehow, who knows! […] Read more »
Consumer Confidence Is Lifting the Economy. But for How Much Longer?
Amid the constant turmoil in domestic and global politics these days, the economy’s steady expansion has been a source of comfort. But look more closely and you will find that economic growth rests on a surprisingly amorphous base: consumer confidence. In the United States, consumer confidence has been ascending since […] Read more »
10 Reasons Why 2018 Will Make 2017 Seem Tame
#1. Both Sides Think They’re Winning & Plan to Double-Down CONT. – pdf Bruce Mehlman, Mehlman Castagnetti Rosen & Thomas Read more »
Investor Optimism Rises Again, Hits 17-Year High
A new surge of optimism among U.S. investors has pushed the Wells Fargo/Gallup Investor and Retirement Optimism Index to its highest level since September 2000. The index, after rising in every quarter since the start of 2016, leveled off in the second quarter at +124 before rising to its current […] Read more »
Wall Street Efforts to Improve Its Image Fail to Sway Americans
Bad news for financial titans like JPMorgan Chase & Co.’s Jamie Dimon and Goldman Sachs Group Inc.’s Lloyd Blankfein: Most Americans hold unfavorable views of Wall Street banks and corporate executives, and distrust billionaires more than they admire them. Despite efforts by Wall Street firms to regain trust since the […] Read more »