Dow Will Surge on 2020 Trump Victory: Nobel Laureate

By CCN: The Dow Jones will soar and delay a recession if President Donald Trump wins re-election in 2020. That’s the prediction of Nobel laureate Robert Shiller, an economics professor at Yale University. This uncharacteristically bullish outlook is surprising because Shiller is a longtime perma-bear who has been predicting a recession for decades. In fact, Shiller’s specialty is spotting financial bubbles, so he’s constantly looking for signs of an impending recession (even when there are none). Robert Shiller: ‘Trump Is a Pro-Business Candidate’ However, Shiller says Trump’s pro-business policies could buoy the Dow and offset an economic downturn for several

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Dow’s Massive Surge Exposes Wall Street’s Staggering Gullibility

The Dow and broader U.S. stock market edged closer to record highs on Friday after two of America’s biggest banks reported better than anticipated corporate results, proving once again that you can fool investors by setting expectations low enough. Dow Surges While S&P 500 Clears 2,900 All of Wall Street’s major indexes reported gains Friday, reflecting a solid pre-market session for Dow futures. The Dow Jones Industrial Average surged 269.25 points, or 1%, to close at 26,412.30. The broad S&P 500 Index of large-cap stocks climbed 0.7% to 2,907.41, with ten of 11 primary sectors reporting gains. Financials, industrials, and

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Crypto Market ‘Bullish’ in Wake of Bitcoin’s 20% Surge

Cryptocurrency prime dealer SFOX released its monthly volatility report this week, and while it is not all plain sailing for the crypto market the indicator clearly affirms that this week’s massive Bitcoin price rally was built on a firm foundation. SFOX: Low Volatility and Rising Investment Bolster Crypto’s Bull Case According to SFOX, the crypto market remained “mildly bullish” heading into April. In March, the main fundamentals were low volatility and increasing investment. Similar to February’s report, SFOX was encouraged by the continuing investment in cryptocurrency infrastructure despite Bitcoin’s sideways trend. “At the same time that crypto volatility was decreasing,

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