October 28, 2018

Trump not helping the stock market

Bloomberg -The Trump bump is turning into a significant Trump discount.

That’s been more than evident of late. The S&P 500 Index fell for the first three days of the week, culminating in a 3 percent plunge Wednesday as worries over China’s economy and President Donald Trump’s trade-war maneuvers morphed into a general sense of gloom about the global economic outlook...

All told, the S&P 500 Index is now 6.5 percent cheaper than it was before Trump was elected president.

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