Oil Prices Are Plunging, but Trumpflation Is Getting Worse -- Here's Why
Trumpflation has entered a new phase, which is terrible news for consumers and the stock market.
Overview
On the surface, everything appears to be humming along for Wall Street. The timeless Dow Jones Industrial Average (DJINDICES: ^DJI) vaulted to a fresh all-time high in early July, while the benchmark S&P 500 (SNPINDEX: ^GSPC) and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) accomplished similar feats in June.
But if you dig beneath the headlines, you'll discover that Wall Street's historic rally isn't as rock-solid as the major indexes make it appear.
President Trump delivering remarks. Image source: Official White House Photo by Daniel Torok.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.