Trump Says If Democrats Win Election, Markets Will Go 'Down the Tubes'




 

Jul.15 -- President Donald Trump says if Democrats win the White House, the economy will crash. Trump spoke at the White House.

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Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season. Investors dashed for the exits after Tuesday's less-than-stellar quarterly report from Netflix - the N in FAANG - an acronym for the group of U.S. tech companies that have been the biggest drivers of the bull market. Hopes remained high for the other FAANGs - Facebook , Apple , Amazon.com and Google parent Alphabet , as well as Microsoft , ahead of their financial reports.

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Last year was volatile for the stock markets, but overall growth was strong. Stocks have hit record highs - the S&P 500 gained 28% for 2019, and has started 2020 with continued growth. The broad-based gains have investors feeling good - but a look ahead has them nervous.Wall Street's analysts don't see the record-breaking growth run lasting much longer. In fact, the consensus among the top financial investment firms is that markets will gain a paltry 2% over the next twelve months. For investors who have grown used to reaping rewards from share appreciation, this is an unwelcome wake-up call. It also calls for a switch in strategy.Dividends are the logical way to turn. These...

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