President Donald Trump Claims "Prices Are Dropping Fast," but Trumpflation Data Tells a Different Story -- and That's Potentially Terrible News for Stocks
Prices have hardly budged where it counts for consumers, courtesy of Trump’s tariffs and the Iran war.
Overview
Although the stock market tends to rise over multidecade periods, the annualized gains for the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) have been higher under President Donald Trump than under most presidents since the late 1890s.
A confluence of factors has worked wonders for Wall Street with Trump in the White House, including the evolution of artificial intelligence (AI), better-than-expected corporate earnings, and record S&P 500 share buybacks. Record highs for all three major indexes since early June prompted the president to declare that "the stock market is fantastic."
Trumpflation is becoming a broad-based economic concern. Image source: Official White House Photo by Daniel Torok.
Details
Source
Originally published at www.fool.com.
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