I think if Trump has the Ecopnomy back to Jan 2020 levels of performance, he wins the election in a cake walk.
The DOW is NOT the economy.... You know that, right?
Yes, I know that, but it is a measure of the investors confidence in future growth of the economy.
What objective metric would you use instead of the DJIA?
GDP, employment, etc...... What is happening on the ground...
Only about half of every day Joe Americans are even in the stock market.....
And I'd like to see it back to normal too....
but the stock market has not been stable since Trump arrived.... the huge swings up and huge swings down, on a dime, and much without reason, makes it pretty unstable, and not an indicator of anything but a Mood Ring of nonsense....
The stock market is not a reflection of the economy. And putting money in the stock market is not investing, it is saving. And the stock market is at the level it is, not because of any fundamentals, but because, with interest rates damn near zero, it is the only place to put savings. It is at the level it is because wealthy individuals, who control most of the market, have been making out like bandits but have no real investment opportunities for their excess funds. So they "save" those funds by speculating in the market. The truth is, when real investment opportunities do show up, like when real income actually starts to grow, the stock market will tank as those wealthy individuals cash in their savings and invest in endeavors that create jobs and propel the frontier curve outward. At this point, a declining stock market is a better indicator of a healthy economy than one that continues to rise. A rising stock market indicates a dysfunctional economy that stifles small business and discourages real investment.