The Stock Market Flashes a Warning as Investors Get Bad News About President Trump’s Economy. History Says This Will Happen Next.
Consumer sentiment continued to decline in October due to persistent inflationary pressure created by President Trump's policies.
Overview
The U.S. stock market has overcome economic headwinds to deliver solid returns this year. The S&P 500 (SNPINDEX:^GSPC) and the Nasdaq Composite (NASDAQINDEX:^IXIC) have advanced 14% and 18%, respectively. But investors recently got bad news about the economy, and the blame lies with inflationary pressure created by President Trump's tariffs and his decision to launch military operations in Iran.
Consumer sentiment continued to decline in October, reaching its second-lowest level in history. Meanwhile, the S&P 500 is sounding an alarm for the first time since the dot-com crash in 2000. Here's what it means for the stock market.
President Donald J. Trump speaks from a podium. Image source: Official White House Photo.
Details
Source
Originally published at www.fool.com.