Trump Economy Defies Leftist Takedown

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Covid was supposed to tank the economy. And true, we’re facing challenges unlike any other. But Trump doesn’t know how to roll over and play dead.

And neither does the Trump economy!

Leftists have no idea what to do with this news. They’ve thrown every possible wrench into the plans Trump made. Yet, we still keep on trucking.

Consider this news from Reuters:

Monday, the S&P 500 was poised to clinch its biggest quarterly percentage gain since 1998 as investors hoped for a stimulus-backed economic rebound, while a surge in Boeing shares helped boost the blue-chip Dow.

The planemaker’s (BA.N) shares jumped more than 14% after a 737 MAX took off on Monday from a Seattle-area airport on the first day of certification flight testing with U.S. Federal Aviation Administration and company test pilots, a crucial moment in Boeing’s worst-ever crisis.

A spike in virus infections in Southern and Western states last week sent the S&P 500 down nearly 3%, but the threat of a deeper-than-feared recession has led investors to expect more stimulus measures from the Federal Reserve or Congress.

But the sting of rising infections was blunted by the pricing of the antiviral drug remdesivir, which has been shown to alter the course of COVID-19, by Gilead Sciences (GILD.O). The company also agreed to send nearly all of its supply of the drug to the United States over the next three months.

The Dow Jones Industrial Average .DJI rose 580.25 points, or 2.32%, to 25,595.8, the S&P 500 .SPX gained 44.19 points, or 1.47%, to 3,053.24 and the Nasdaq Composite .IXIC added 116.93 points, or 1.2%, to 9,874.15.

Each of the 11 major S&P sectors was in positive territory, led by industrial .SPLRCI stocks.

And it’s not just the stock market that shows promise. The housing market is soaring.

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The article continues:

Data on Monday showed contracts to buy previously owned homes rebounded by the most on record in May, suggesting the housing market was starting to turn around.

Rest assured, there will be more good news.

For example:

Coty Inc (COTY.N) jumped 13.4% after the company said it would buy a 20% stake in Kim Kardashian West’s makeup brand for $200 million.

Advancing issues outnumbered declining ones on the NYSE by a 3.02-to-1 ratio; on Nasdaq, a 1.96-to-1 ratio favored advancers.

The S&P 500 posted 1 new 52-week high and no new lows; the Nasdaq Composite recorded 53 new highs and 17 new lows.

Up, up, and away!

As the week treads on, we get even more good news. Another article from Reuters elaborates:

Wall Street’s main indexes gained on Wednesday as rising hopes of a safe and effective COVID-19 vaccine allayed some fears of another round of lockdowns following a record surge in coronavirus cases in the United States.

And finally, we are returning to higher levels of productivity.

Data on Wednesday showed a slump in global manufacturing was easing in June, with U.S. figures hitting their highest level in more than a year.

The Institute for Supply Management (ISM) said its index of national factory activity jumped to a reading of 52.6 last month from 43.1 in May, ending three straight months of contraction, or readings below 50.

No other president would be able to move an economy during an unprecedented pandemic. But that’s exactly what Trump continues to do.

Tomorrow, all eyes will be on the nonfarm payroll numbers. But spoiler alert: those numbers will also reflect recent gains. We already know private payrolls increased by 2.369 million jobs.

So what’s next in the line of leftist sabotage? Surely they’re not ready to throw in the towel. Whether you believe in the WuFlu pandemic or not, you can’t deny that liberals pray the tanking economy will be the straw that wins the Oval Office back.

The Pre-Covid Angles

Honestly, I’ve forgotten just how many attacks liberals have thrown at our president. As best as I can recall, it started with the Steele dossier. It sparked rampant spying. Then Trump was accused of colluding with Russia. When that didn’t work, Biden’s bad behavior in the Ukraine was suddenly recast as Trump’s egregious actions. His family has been personally attacked. His businesses face constant scrutiny. And it seems that we’ve forgotten that this man stepped up to make America great again, and he’s done it all for FREE!

Can you imagine taking on such a huge task and never profiting from it? How many of you would still do it? Not me, not for free. We’re lucky to have Donald Trump. And in November, we’ll be even luckier when he wins a second term. Because if Democrats are hanging their hopes on Joe Biden and a failed economy, they’re about to be up sh*t creek without a paddle.

 

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