قالب وردپرس درنا توس
Home / Business / Donald Trump: The stock market should be as much as 10,000 points higher

Donald Trump: The stock market should be as much as 10,000 points higher



The value of the US stock market has increased by $ 9.1 trillion, or 35.6% since election day in 2016, according to Wilshire Associates.

For President Donald Trump, it's not close enough.

Lately, he has spat the Federal Reserve to raise interest rates, and he urges the central banks to return to the policies that supported the market during the recent crisis, including the resumption of the Fed's bond purchase program.

"I want to say in terms of quantitative tightening, it should actually now be quantitative relief," he said last week. "You wanted to see a rocket ship."

On Sunday, he put numbers to the potential rocket ship rally:

& # 39; If the Fed had done its job properly, which has not, the stock market would have been up 5,000 to 10,000 extra points, and GDP would have Well over 4% instead of 3% … with almost no inflation. Quantitative tightening was a killer, should have done the opposite! "

The Trumps tweet comes from opposition from the Senate over its two picks, Herman Cain and Stephen Moore, for open seats in the Federal Reserve's Governor. Cain, according to a report from ABC News on Friday, plans to remove his name from the review.

The Dow Jones Industrial

DJIA, + 1.03%

rides strong bank revenues, closing nearly 270 points to 26,412.30 on Friday – another 10,000 points would put the index well above 36,000 levels. Dow's all-time high is 26,951.81.

Provides critical information for the US trading day. Subscribe to MarketWatch's free need to know newsletters. Register here.


Source link