The left would have it believed the recent White House shake-up that left National Security Adviser Michael Flynn in resignation mode only underscores the inability of President Donald Trump to govern – a message that, if true, ought to leave Wall Street investors shaking in their shoes.
But, in fact, it’s the opposite.
“After all the Michael Flynn scandals and overturned executive orders and middle-of-the-night disruptive tweets, Wall Street believes one thing above all — that the Trump administration will survive and the U.S. economy will thrive,” CNBC wrote.
It’s a positive for the besieged White House that’s going to be difficult for Democrats to overcome. Democrats have long positioned themselves as the party of the little people, and Trump, as a wealthy elitist who cares only for Big Business. But it’s hard to piggyback political opposition to the president using numbers that show growth for the business world as a whole – growth which then trickles into the economy by way of more jobs, lower prices and better entrepreneurial opportunities for all.
Nasdaq’s composite index set a record-high close for seven days in a row, the longest streak the nation’s seen since 1999. Meanwhile, the S&P 500, the Nasdaq and the Dow Jones industrial average all hit at record levels during closings for five days running – again, another streak, this one not seen in 25 years.
Stocks, meanwhile, are experiencing the second-longest bull market in history. The first? That was between the years of 1987 and 2000.
And according to financial experts, a large part of the stock and market positives are attributable to one factor: Trump’s pro-business message.
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