Big capital investors hope that President Trump will drive the strong U.S. economy to a 2020 election win. Most people on Wall Street say that the more chances are there that President Trump will get re-elected. Trump is “obsessed with making certain the economy stays strong,” Co-founder of the private-equity firm The Carlyle Group said.
With the Labor Department’s monthly jobs report, the U.S. economy bent its muscles on Friday. The report showed unemployment at a 50-year low of 3.5%. Consumer emotions hit its peak level in a year, as the upper class received near-record gains in household wealth.
“After a number like we got today, that non-farm payroll number of 266,000 and the fact that the Democrats, I think, are going to fail in their impeachment gambit,” Trump’s the favourite, the chief U.S. policy strategist at Ontario told. He remarked that the markets view at the Las Vegas oddsmakers and the London bookies both point to Trump’s victory.
“Everywhere you look right now, it’s Goldilocks, an economy that’s in really good shape and no inflation to speak of and very, very low-interest rates,” the chief U.S. policy strategist at Ontario added while acknowledging that the market is not “unabashedly in love with Trump” because of his trade dispute with China and changeability.
While the market may have some disbelief about President Trump, there’s no contradicting the outcomes. “The bottom line for the markets is that the impeachment story has been background noise and not much more,” he said.
