President Donald Trump Has Floated the Idea of a Federal Gas Tax Holiday, but It Would Likely Backfire
Things don’t always work out in the real world as they’re drawn up on paper.
Overview
From a statistical standpoint, investors have to be thrilled with the stock market's performance under President Donald Trump. Following gains of 57%, 70%, and 142%, respectively, for the ageless Dow Jones Industrial Average (DJINDICES:^DJI), broad-based S&P 500 (SNPINDEX:^GSPC), and growth stock-inspired Nasdaq Composite (NASDAQINDEX:^IXIC) during his first non-consecutive term, this trio has added 18%, 30%, and 40% since the start of his second term, as of the closing bell on Oct. 7.
While the annualized return of equities under Trump has been higher than under most other presidents over the last 130 years, Wall Street's skyrocketing stock indexes may not be painting a complete picture of the challenges consumers and corporate America are facing.
Details
For example, persistently elevated inflation can no longer be swept under the rug. For 66 consecutive months, the prevailing inflation rate has been above the Federal Reserve's long-term 2% target. Though modest inflation (rising prices) is perfectly normal for a growing economy, elevated inflation can pinch consumers' pocketbooks and eventually hurt corporate growth prospects.
Source
Originally published at www.fool.com.
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