We’ve talked before about the DJIA and the President. It’s tanked since he wrapped up the Democratic nomination. In mid-May it was obvious he was the Democratic nominee and the market has been downhill ever since. Here’s a new chart to refresh your memory:
The market reacts to what it anticipates. It plays to the future. I think it’s safe to say it doesn’t like what it sees under this guy.
P.S. You know, you disagree with Paul Ryan on one little thing and get cut of completely. No more invitations to blogger calls.