If you were to watch any cable news this week, you might believe that the sky is falling due to Donald Trump’s latest scandal…whatever that may be.
The left has been furiously erupting with controversy after controversy to attempt to pin on the newly elected President of the United States, but nothing has stuck. There were numerous incarnations of some info-babble regarding Russia’s connections to Donald Trump, or their purported hacking of the 2016 election, or how they’ve been infiltrating American media with “fake news”. Weekly we face indoctrination by the liberal ranks into some new form of this same old Russian story.
Now, after the democrats impatiently got around to using the “I” word to speak about the future of Trump’s presidency, it’s time for a reality check: The Trump Effect just pushed the stock market to an all time high.
“U.S. equities rose to record levels on Friday as Wall Street shrugged off a jobs report that came in well below expectations.
“The Dow Jones industrial average closed about 60 points higher and reached its first intraday record since March 1 as well as its second straight record close. The S&P 500 and the Nasdaq composite also managed intraday and closing records.
“‘This was the closest thing to a nonresponse you’re going to see,’ said Michael Shaoul, chairman and CEO of Marketfield Asset Management, referring to the market’s reaction to the jobs report. ‘This isn’t a report that warrants a strong response in financial markets and I don’t think you’re going to get one.’“Marc Chaikin, CEO of Chaikin Analytics, said a pop in small-cap stocks helped the large-cap indexes rise on Friday. Small caps ‘have caught up in a big way and they’re on their way to all-time highs,’ he said.”