Tuesday, 8 August 2017

Trump Economics anyone??? Part III

5. Trade
Trump wants more consumers -- in the United States and around the globe -- to buy American.
And it looks like that's starting to happen.
The trade deficit fell slightly in June from three months ago, to $43.6 billion. That's the lowest since just before the election.
America's suddenly vibrant oil industry is a big reason the balance is shifting. Thanks to technologies like fracking, the United States exported more crude in June and imported less.
Exports to Canada and Mexico rose in June, too, a possible sign that Trump's tough talk is working with America's two big North American trading partners.
China is still a sore spot. The U.S. trade deficit with China is up more than 6% this year.

6. Stocks
An undeniable win for the president. Fears of a market collapse under Trump have proved to be misguided.
The Dow keeps hitting records and is up 12% this year.
And the blue chips are lagging.
The Nasdaq has surged nearly 20% thanks to big gains in Amazon, Apple, Google owner Alphabet  and Facebook (FB, Tech30).
For now, Wall Street is willing to ignore the turmoil in the Trump administration.
Investors are hoping for eventual changes to the tax code and deregulation of the financial industry.
Strong earnings don't hurt, either. Profits for the companies in the S&P 500 are up more than 10% from a year ago.

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