jimjam wrote:The latest budget review from the Congressional Budget Office, projecting a fiscal 2019 deficit of almost a trillion dollars — up by more than $300 billion from the deficit Trump inherited. Trump’s domestic economic policy has been standard Republican top-down class warfare. None of that $300 billion went for social benefits or even his continually promised, never-delivered infrastructure plan. Instead, it went mainly into tax cuts for corporations and the wealthy that have done little to boost investment.
Something has done a lot to boost the Stock Market, because it has continued to set many records after Trump became President. Yesterday another all-time record for the S&P 500, Dow and Nasdaq was set.S&P 500, Dow and Nasdaq close at records on positive expectations around U.S.-China trade
Published: Nov 25, 2019 4:15 p.m. ET
Major U.S. stock-market benchmarks ended Monday’s session at records as investors remained attuned to developments in the U.S.-China trade relationship and cheered a wave of merger activity.
The Dow Jones Industrial Average DJIA, +0.68% advanced 190.85 points, or 0.7%, to end at 28,066.47, while the Nasdaq Composite COMP, +1.32% climbed 112.60 points, or 1.3%, to 8,632.49. The S&P 500 index SPX, +0.75% ended 23.35 points higher at 3,133.64, a gain of 0.8%.
The Dow ended the day above its previous closing high of 28,036.22 set Nov. 18, the S&P 500 surpassed its previous closing record of 8,570.66 set on Nov. 19, while the Nasdaq finished the session above its last closing high of 3,122.03 set on Nov. 18. All three benchmarks also set new intraday highs on Monday.https://www.marketwatch.com/story/stock ... 2019-11-25
Praise the lord and the Trump of God.