More bad news for on the economy. Bad news for Trump-hating Leftists, that is!
Let’s look at the stock market.
Remember the doom and gloom predicted at the end of last year? The stock market had fallen from a high of 26,000 into the 21,000 range.
Here’s a report in USA Today from October of last year:
The stock market sell-off on Wall Street intensified Wednesday, knocking the Dow down more than 600 points and wiping out the gains for the year for the blue-chip average and the broad Standard & Poor’s 500 index.
Technology stocks, which had been the best-performing part of the market earlier in 2018, suffered the biggest declines. The Nasdaq composite, home to many of the market’s most popular tech stocks, plunged 4.4 percent, pushing it down 12.3 percent from its late August high and deeper into official “correction” territory.
The latest swoon, which knocked the S&P 500 down more than 3 percent Wednesday, signaled to many Wall Street pros that the decline was entering a new, more dangerous phase. There’s growing concern now that this decline is more than a garden variety pullback, or drop of 5 percent to 9.99 percent, and could morph into a drop of 10 percent of more for the broad market.
“With the big sell-off today, the market may have moved from pullback into correction territory,” says Nick Sargen, chief economist and senior investment advisor for Fort Washington Investment Advisors.
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NBC News piled on a month later. They reported on the carnage of a stock market that had grown from 18,800 during the Obama era only to “crash” at 24,465:
The stock market slid dramatically on Tuesday after a slew of disappointing corporate earnings dragged down the Dow Jones Industrial Average and the S&P 500, erasing all gains for 2018. The Dow fell by 648 points at its session low, and closed at 24,465.
It’s the worst Thanksgiving week for the Dow and the S&P since 2011, according to Dow Jones data.
On Christmas Eve the market had dipped to 21,792, still far above Obama numbers, but doom and gloom according to Leftists.
But the market hasn’t looked back since. And now it’s over 25,000…again.
In January the Dow rose from 23,346 to just under 25,000. And according to CNN,
The last time stocks did this well in January, Tom Brady was a tween and Los Angeles Rams coach Sean McVay was a toddler.
The S&P 500 and the Dow are each up more than 7% this month. Those mark the biggest gains since January 1987 and January 1989, respectively.
The S&P 500 had its best monthly overall gain since October 2015, according to Jodie Gunzberg, head of US Equities at S&P Dow Jones Indices.
It’s an amazing turnaround for the market considering that December was the worst month for stocks in nearly 90 years.
I love how these reports gloss over the obvious. The market goes up and it goes down. But under Trump, it goes up more than it goes down. And despite all the warnings issued by naysayers, these reports all end up with the good news at the end.
This article continues,
Investors were afraid that the Fed was hellbent on raising interest rates several times in 2019 even though there was little evidence of inflation becoming a problem anytime soon.
Stocks have surged in recent weeks because of relatively strong corporate earnings, continued optimism about the US economy and a big shift in the Federal Reserve’s interest rate plans for the rest of this year.
The key word: optimism. And who wouldn’t be optimistic with the type of numbers Trump continues to create.
According to The Daily Caller:
The U.S. economy added 304,000 jobs while the unemployment rate rose slightly to 4 percent in the first month of 2019, according to Department of Labor (DOL) data released Friday.
January marks the 100th straight month of job growth in the U.S., a record more than twice as long as the previous one of 48 months set in June 1990. January’s numbers outpaced economists’ predictions of 170,000 jobs added, according to The Wall Street Journal. The unemployment rate ticked up but remains at a level widely considered to be full employment — a sign of a healthy economy.
Be still my healthy, non-Obamacare-needing heart! The economy is healthy?!
But the Left said that wasn’t possible, right? And neither was electing Trump or indicting the multitude of Democrats who tried the coup.
It’s a new day in politics. And we’ve weathered the storm. Now it’s time we bring the thunder to the Left.
For Trump to lose, America must fail economically. And one thing Leftists love more than tormenting Conservatives is stealing our money. Without a robust economy, less theft and extortion can occur. So Trump’s economic success forces Leftists to leave him alone in that arena.
Oh they will try to disrupt things during an election cycle, for example. But then they must relent, unless they like seeing their fortunes shrink.
A booming economy is good news Leftists love to hate. But as with all their devious plots, it’s destine to fail them in the end. Trump will have a booming economy come election time 2020. And he will have accomplished much more in all other phases of government.
Those accomplishments will leave the Left with too high a hill to climb.