Please disable your Ad Blocker to better interact with this website.

Image Image Image Image Image Image Image Image Image Image

Affluent Christian Investor | May 29, 2023

Scroll to top

Top

No Comments

Markets Optimistic in Post-Election Environment

Both the S&P 500 and the NASDAQ 100 indices indicate sharp upward movement in the six weeks immediately after the US presidential election. Moreover, the University of Michigan’s widely noted Index of Consumer Sentiment also shows a sharp uptick in that same period.

Maybe the smart money doesn’t think the sky is falling after all…

This is NOT simply a matter of trickle-down economics. Rather, I think the “smart money” is betting on stronger economic growth due to Trump’s proposed changes in tax and regulatory policy. Of course, whether such changes will, in fact, boost growth is arguable. But, were that stronger growth to come to pass, it would be good for everybody — not just the rich.

Moreover, I invite you to contrast what has actually happened to the economic disaster that was being predicted by the likes of Steven Rattner, Paul Krugman and others right up until election eve:

(Krugman wrong)
http://dailycaller.com/…/paul-krugman-says-markets…/

(Rattner wrong)
http://newcenturytimes.com/…/economy-imploding-with…/

Folks, just think about it: there’s no way that an incompetent president bumbling his way into nuclear war while appointing ignoramuses to high office would boost investor confidence. Evidently, as I’ve said and contrary to fashionable liberal opinion, the investment community and American consumers don’t think the sky is falling… because it’s not!!

15698293_1032133676899044_2882974456596617479_n

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Sorry. No data so far.

The Affluent Mix

Become An Insider!

Sign up for Affluent Investor's free email newsletter and receive a free copy of our report, "The Christian’s Handbook For Transforming Corporate America."