iGoddard
Long

Trump-Bump Correction

DJCFD:DJI   Dow Jones Industrial Average Index
Trump's presidency was followed by a statistically significant increase in stock prices,(*) which climbed parabolically during anticipation of tax cuts and consequent economic stimulation. Even if Trump's agenda proves to stimulate the economy long-term, at this moment in time, and since February 2018, investors are less confident in their prior rosey economic forecasts and so prices are falling toward long-term 2009-2015 support, which held closer to real GDP growth.

However well Trump's agenda fulfills its promises will determine which of these possible trajectories the future holds.

(*) http://archive.is/33RPK

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