By Charles Gasparino
November 4, 2019
If the stock market is worried about the President Trump getting impeached it has a funny way of showing it: The Dow, the S&P and Nasdaq set new records Monday, buoyed by strong corporate earnings, a possible trade deal and the wide-spread belief among sophisticated investors that the US economy will continue to chug along handsomely.
Despite what you hear from doomsayers like the newly minted Dem front-runner Elizabeth Warren, the rising Trump economy is raising all boats, not just the fat cats on Wall Street. At least that’s what the people who have money in the game are saying, and their word counts a lot more than any leftist politician.
Of course, even in the best of times — and according to the data we are pretty close to them now with unemployment hovering at a 50-year-low of 3.6 percent — there are things to worry about. Trump and Chinese president Xi Jinping may not reach their long-coveted trade deal. Sluggish business investment (which declined in the last quarter by an annualized rate of 3 percent after a 1 percent decline) could get even more sluggish, sending the modest economic growth of 1.9 percent in the past quarter into the red.
Read more at the New York Post.