• Market Rebounds On Likely Trump Victory

    November 3, 2020
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    Market Rebounds On Likely Trump Victory
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    Equity markets are up over two percent at time of writing as the likelihood of a Trump victory in today's presidential election grows stronger. The enthusiasm is off the charts in GOP areas, and also in neighborhoods of 'the forgotten man' of the American working class, as shown above in Pennsylvania.

    Factory orders reported this morning beat lowered estimates and business conditions showed an increase in positivity.

    The corporate business media is trying hard to hide the welcomed economic news, as well as the enthusiasm for a second Trump term.

    If a Trump win is confirmed in the next few days, business leaders could unleash a wave of new spending and markets will move much higher on expectations of much higher economic growth.

    Factory Orders (MoM) (Sep) printed at 1.1% vs 1.0% consensus estimate.

    ISM-NY Business Conditions Index (Oct) printed at 65.1.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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