Vision 2020: One Essential Insight for the Year Ahead

by MN Gordon
Economic Prism

On Christmas Day 2018, roughly one year ago, President Trump provided the following market analysis:

“I think it’s a tremendous opportunity to buy. Really a great opportunity to buy.”

If you recall, the U.S. stock market was in freefall when Trump made these utterances. Between September 20, 2018 and Christmas Day 2018, the S&P 500 dropped 19.78 percent – within a hairline of an official bear market. What’s more, the S&P 500 was at a 20 month low.

The Donald, however, proved himself a “very stable genius.” For he pinpointed to the day, to the minute, the bottom of the late-2018 swoon. From Christmas Day 2018 to Christmas Day 2019, the S&P 500 rose over 36 percent.

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