• 54°

Stocks and the ‘Trump bump’

From a Washington Times column by Bryan Crabtree:

chilling decline in the stock market of 1,500 points (last Friday and Monday) could actually be a result of “winning.” President Trump promised that “we’d win so much we’d get tired of winning” during the campaign. So, is Wall Street tired?

It certainly appears that America is winning again. Black unemployment is the lowest since it was first measured. The stock market is up nearly 50 percent since Mr. Trump took office. Women’s unemployment is the lowest in 17 years, and data suggests we’re poised for an economic boom unlike this country has seen in 30 years. Then, why did the stock market fall over 300 points the day of Mr. Trump’s State of the Union speech, nearly 700 points last Friday and another 1,100 points on Monday?

We’re winning. And, with winning comes even more risk.

Over 80 percent of the American people approved of Mr. Trump’s speech. Not only was it a unifying speech, it represented some of the most positive economic data distributed from that podium in more than a decade. The speech’s central focus was that our economy is strong and we were no longer in “recovery.”

Comments

Crime

Blotter: Man found on church property with litany of drugs

Crime

Man charged in connection to 2019 overdose death

Business

‘It’s our big time’: Salisbury Farmers Market reopens Saturday

Education

Schools capital funding still frozen as RSS sends local budget to county

Business

Shields, Cheerwine Festival receive N.C. Main Street Awards

Kannapolis

Duke University launches kidney disease study in Kannapolis for people of African descent

Education

Horizons Unlimited will hold in-person summer camps

Education

Education briefs: Catawba planning for more in-person activities, free summer school tuition

Coronavirus

County’s full COVID-19 vaccinations top 22,600

High School

High school golf: With Merrell, Mustangs back on top

Local

Spencer investigating rat problem on South Iredell Street

News

Livingstone, Mission House Church to host national ‘Black Voters Matter’ listening session

Education

Shoutouts

Business

Groundbreaking on Pennant Square signals next phase in downtown Kannapolis revitalization

Nation/World

J&J vaccine to remain in limbo while officials seek evidence

Nation/World

Prosecutors: No charges for officer in Capitol riot shooting

Nation/World

Biden to pull US troops from Afghanistan, end ‘forever war’

Nation/World

Former Minnesota cop charged in shooting of Black motorist

Crime

Blotter: April 14

Elections

Former North Carolina Gov. McCrory enters US Senate race

Crime

Salisbury woman arrested in Myrtle Beach for abducting child

Health

County updates health director job description, will advertise for position

High School

High school tennis: East beats Carson, still hopes to share NPC title

Elections

Board of Elections to purchase upgraded voting equipment using federal grant