Donald Trump likes telling us how the fantastic stock market has done under his direction. And why? Despite a few hiccups, it was a great run, no doubt (for those who invest in shares).
But in a statistic that certainly will not do well with the current president, Obama's market did better than the same number of trading days, according to our Bill of the Day by Bill McBride from blog of the calculated risk:
McBride, for its part, says he does not believe the market is a big measure of policy implementation, but he admits that some, including Finance Minister Stephen Munchin, are doing. So he sometimes updates them. "My opinion is that there are a lot of measures to succeed – and that the economy should work well for the majority of people – not just equity investors," McBride said in a blog post "just for fun" over the weekend.
He also pointed out that Obama's performance had been suspended in his third year as president, which means that if the Fed's interest-rate-driving approach stimulates the market, as many expect, we can expect more tweets such as: 19659006] Since the Election Day in 2016, stocks have reached nearly 50%, share value has risen by $ 9.2 trillion and more than 5,000,000 new jobs have been added to the economy. @LouDobbs If our opponent wins, there would be a market failure, simple and simple! @TuckerCarlson @seanhannity @IngrahamAngle
– Donald J. Trump (@realDonaldTrump) June 20, 2019
Dow Jones Industrial Average Futures
YMU19, + 0.21%
S & P 500
ESU19, + 0.27%
and Nasdaq Composite
NQU19, + 0.42%
all point to gains at the beginning of the week. gold
the dollar is higher
DXY, + 0.08%
is the minimum upwards. Stocks in Europe
SXXP, + 0.22%
are higher at the beginning of their session, while Asian markets
Profits are growing this week on a large scale, with a third of
30 graphics. Boat from S & P
Companies will also report, making it one of the busiest profits this season.
One of these remarkable companies is Amazon
who withdrew from his Prime Day promotion and will report earnings for the second quarter after Thursday's closing. JPMorgan
Analysts believe it's time to redirect the focus to revenue for the e-commerce giant after a series of profits. Watch for Tesla
TSLA, + 1.83%
Joachim Fels, World Economic Adviser at Pimco, told CNBC on Monday that the US "prevailed" in this "cold currency war."
In other words, he believes the US dollar is more likely to strengthen than to weaken from here. The Cold War refers to a conflict, driven by interest rates, quantitative easing, and control of the yield curve. "The Federal Reserve obviously has more room to cut interest rates than (the European Central Bank) or the Bank of Japan," he told CNBC.
As for the next interest rate move, Fels says there are 50- The Fed is likely to cut interest rates by 50 basis points this month and leave the door open for perhaps another cut by the end of the year.