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Yesterday Proves the Truth about the Trump Stock Market

Joe Scudder
Written by Joe Scudder

If it wasn’t a Trump Stock Market, then prices would not have fallen on the news about Michael Flynn.

People have been denying that Trump has much to do with the economic growth. But if that was the case the report on Michael Flynn claiming that he was directed to contact Russians wouldn’t have had pretty obvious consequences for the economy. There’s no denying now that we live in the era of the Trump stock market.

CNBC reports, “Stocks fall on report that Michael Flynn was directed by Trump to talk to Russians.

Stocks fell Friday on a report that Michael Flynn was directed by President Trump to talk to Russians.

ABC News reported that Flynn, the former national security adviser, would testify that he was directed to make contact with the Russians.

ABC News reported that Flynn, the former national security adviser, would testify that he was directed to make contact with the Russians.

In a statement, Flynn said he agreed to “cooperate with the Special Counsel’s Office reflect a decision I made in the best interests of my family and of our country.”

“If you believe the market has been rallying in the last 13 months [on Trump, this report] potentially unravels all of that,” said Jeremy Klein, chief market strategist at FBN Securities. “Markets don’t like uncertainty and this is the ultimate uncertainty.”

The major averages hit their session lows on the report, with the Dow Jones industrial average briefly dropping more than 350 points before trading 133 points lower.

The S&P 500 declined 0.7 percent after falling more than 1 percent. The Nasdaq composite lagged, dropping 1.1 percent.

Read the entire CNBC story.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Joe Scudder

Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

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