Readers of this column know I’m no fan of President Donald J. Trump. But it looks increasingly likely he’s going to get re-elected, and Wall Street is responding by pushing the S&P 500
SPX, +0.33%
and Nasdaq Composite
COMP, +0.67%
indexes to all-time highs, while the Dow Jones Industrial Average
DJIA, +0.30%
isn’t far behind
That comes as the coronavirus has driven Chinese and emerging market stocks down, and when forecasters have cut their projections for global GDP growth. Also, there’s a slowdown in manufacturing and the industrial economy, critical to key swing states like Michigan, Wisconsin, and Pennsylvania, although so far few economists expect a U.S. recession in 2020.
Read more at: Trump is winning, and Wall Street is cheering - MarketWatch
That comes as the coronavirus has driven Chinese and emerging market stocks down, and when forecasters have cut their projections for global GDP growth. Also, there’s a slowdown in manufacturing and the industrial economy, critical to key swing states like Michigan, Wisconsin, and Pennsylvania, although so far few economists expect a U.S. recession in 2020.
Read more at: Trump is winning, and Wall Street is cheering - MarketWatch
