He aimed to reduce the power and spending of the government in order to let the private economy recover. The S&P 500’s performance under Donald Trump’s presidency is now the worst showing for any president this far into office, based on Bespoke Investment Group’s data going back to 1928. And since, at today’s growth rates, it would take Main Street more than 10 years to catch up to Wall Street asset prices, we expect it is the financial economy that will do the adjusting.
Author: Bill Bonner
Published at: 2025-04-23 22:00:53
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