Volkswagen will be investing a total of more that one billion dollars in its Chattanooga plant to produce electric vehicles, creating new jobs for American workers.
Investors are predicting a continuation of the present bull market, and U.S. Steel is one example of a company doing better because of Trump’s tariffs.
Fed Chair Jerome Powell said that despite a great jobs report, the Federal Reserve would not try to stall the economy to ward off inflation, but his actions speak louder than his words.
A month ago, bond investors were predicting that the Fed would be raising interest rates several times in 2019. Those same investors are predicting the Fed has now done its job and won’t be raising rates in the New Year.
The spark that ignited the late day rally in stocks on Thursday was most likely a comment about a potential meeting between Trump and the Fed head.
While economists and pundits want to blame the stock market’s current volatility on Trump, the shutdown, or something else, the fact is that the Fed is mostly to blame.
At bottom, Wall Street is a gigantic gambling casino where investors and money managers predict the future and then place their bets. Those trying to justify Wall Street’s present nervousness are coming up with next to nothing.
Wall Street’s selloff last week has been blamed on everything but the real thing. The major indices lost more than four percent, with the Dow off nearly 10 percent since its recent high in early October.
The selloff in stocks on Tuesday gives investors another chance to buy stocks of excellent companies at a discount.
Wall Street jumped at the news from Fed Chairman Jerome Powell that interest rates were “just below” a neutral level.