Despite the ever-present media hysteria, it’s become clear that on the issue that really matters, Trump finished 2019 strong. I’m speaking, of course, about the economy. 2019 started with some economic turmoil and uncertainty. The trade war with China created a stock market whiplash and business anxiety.
But the data shows things have finally turned around. Economic confidence has been rising for months. 52 percent of investors approve of Trump’s handling of the economy, compared to just 32 percent who do not approve.
It’s no wonder that stocks have been hitting record highs. After the tax reform bill, the fundamentals of the economy were strong, and market performance reflected that.
That is, until the trade war killed Trump’s would-be boom in the cradle. Now that Trump is again on solid footing, he could be well on his way to victory in 2020 … as long as he steers clear of another trade war.Read More »