Wednesday, October 18, 2017

Baffled by the Trump bump

Newsbusters shares information on the confusion NBC has over the latest stock market high.
However, after that brief note of credit to the President, co-host Savannah Guthrie skeptically followed up "So often we see what happens in Washington, what happens with politics directly affects the market. So, if the market is strong, does that mean the economy likes President Trump?
Ruhle discounted that possibility, suggesting the market rally was happening in spite of him.
"Well, here’s what’s interesting. People are going, “How come the chaos in Washington is not playing out in the market?” Part of it is because it’s noise. President Trump does say a lot of things that scare us, but he doesn’t necessarily do them. He says things about immigration, about trade, geopolitics, but then his team kind of walks it back. So the market brushes it off unless it actually gets put into play. And it hasn’t so far."

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