Wednesday, July 8, 2020

Trump warns stocks will 'disintegrate' if he loses. But stocks are climbing as Biden pulls ahead

https://edition.cnn.com/2020/07/08/investing/biden-trump-stock-market-election/index.html

 President Donald Trump is warning a blue wave in November will crash into Americans' investment portfolios. Wall Street, however, is hardly cowering at the prospects of a Democratic sweep.
"If you want your 401k's and stocks, which are getting closer to an all time high (NASDAQ is already there), to disintegrate and disappear, vote for the Radical Left Do Nothing Democrats and Corrupt Joe Biden," Trump tweeted Monday.
The ominous warning stands in stark contrast with the view from Wall Street. Investors seem totally unfazed by the political troubles of Trump, whose surprise 2016 election win set off a boom in the stock market.
 

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