Wednesday, June 19, 2019
Home Business Donald Trump: The stock market should be 10,000 points higher

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

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

That's not enough for President Donald Trump.

He has recently blown up the US Federal Reserve to raise interest rates, and has repeatedly called on central banks to draw on the policy that sustained the market in the recent crisis, including the resumption of the Fed's bond-buying program.

"I would say, in terms of quantitative tightening, it should now actually be quantitative easing," he said last week. "They would see a rocket ship."

On Sunday, he set numbers for the potential "rocket ship" rally:

"If the Fed had done its job properly, which it would not have done, the stock market would have gone up by 5,000 to 10,000 extra points, and GDP would have been well over 4% instead of 3% … almost without inflation. Quantitative tightening was a murderer, should have done exactly the opposite! "

Trumps tweet The US Senate is in opposition to its election campaigns, Herman Cain and Stephen Moore, for open seats in the Federal Reserve Board of Governors. According to a report from Friday's ABC News, Cain plans to take its name from consideration.

The Dow Jones Industrial

DJIA, + 1.03%

With strong bank profits, he closed on Friday by almost 270 points to 26.412.30 – another 10,000 points would bring the index well above the level of 36,000. The all-time high of the Dow is 26.951,81.

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