By Dan Celia for Townhall.com | Image from Townhall
According to the Stock Trader’s Almanac, August ranks as one of the weakest months of the year for major indexes. This is according to data that goes back to 1950.
In my opinion, almost everything happening that is negative in the markets is political in nature. The hatred for this president continues to grow stronger and stronger as the economy gets better. This president is exposing the incompetence of past administrations and bringing to light, with no apologies, American exceptionalism.
He has reminded us that we can do manufacturing again, that we can have GDP growth over 3 percent, that we can have full employment and opportunities for workers, and that high school and college graduates can actually get a job in the field they studied, with a part-time labor force quickly turning into a full-time labor force. Plus, Americans in minority groups can enjoy the same low unemployment rate as everyone else, where poverty rates continue to decrease as opposed to increasing every month.
We as Americans can stand proudly knowing that our president is fighting every day for the good of the American people, the American way and American economic strength we can be proud of. Hence, the reasons for negativity in the markets are built and born out of a continued growth in the hatred for this president—not on the underlying fundamentals of the economy. Continue reading…