The American people’s faith in the nation’s intelligence agencies has been severely rocked over the course of the last 24 hours, and that worrisome attitude is being reflected within the stock market.
Donald Trump’s presidency, as surprising as some would have thought it to be, has been an incredible boon to our nation’s economy. Not only do we now have a president whose raw populism inspires the utmost of confidence in the American worker, but also, Donald Trump’s own business acumen has changed the way that the President is received by the financial sector.
When things got off track, which they certainly did under the tutelage of Barack Hussein Obama, a correction is needed. This necessary reform came in the form of a total makeover for the attitude of the office of the President. Now, instead of hiring a wish-in-one-hand, empathetic liberal to correct out nation’s mathematical financial issues, we hired one of the modern age’s most successful businessmen.
Trump, very literally, is one of the freshest sets of eyes that we’ve ever had looking under the hood of our government. This had caused one of the most astounding runs in stock market history, with the DOW breaking record after record during Trump’s first year in office.
Today, however, after news of a severe betrayal of the American trust by none other than the FBI, the dow slipped an ominous 666 points.
“The Dow Jones industrial average dropped 665.75 points to close at 25,520.96, capping off the index’s sixth-largest points decline ever. The 30-stock index also fell below 26,000. Friday also marked the first time since June 2016 that the Dow fell at least 500 points.
“The S&P 500 fell 2.1 percent and finished at 2,762.13, with energy as the worst-performing sector. The Nasdaq composite plunged 1.96 percent to 7,240.95 as a decline in Apple and Alphabet offset a strong gain in Amazon shares.“The Dow posted its worst day since June 2016. The S&P 500 and Nasdaq had their biggest one-day fall since September 2016 and August 2017, respectively.”
“‘The key for the market today is rising interest rates,’ said Mike Baele, managing director at U.S. Bank Wealth Management. ‘The old adage is: “Bull markets don’t die of old age, they are killed by higher interest rates.” That looms large.'”
Thankfully, the markets will be able to afford a bit of rest over the weekend as this entire intelligence agency aberration begins to correct itself. Come Monday, we could see a complete correction of this shakeup.
Or, should the FBI continue to shoot itself in the foot over the course of the next 48 hours, and the democrats continue their tirade of untruths in the media, we could be in for one heck of a coming week.