It’s a great time to be an American! I feel so blessed to live in a country that allows the people to freely evaluate our leaders and decide who should lead our country. We the people determine who should be President, who should serve in the U.S. Senate, and who should represent our interests in the U.S. House.
As a small business owner and numbers guy, I enjoy helping voters and clients understand what financial data is showing us. For example, the highest inflation in 40 years—driving up costs for groceries, gasoline, and housing—led voters to reject those who contributed to this troubling inflation.
Now the stock market has spoken about the coming policies of President-Elect Trump to lower taxes, reduce inflation, cut regulations and lower energy costs. The day after Trump’s historic comeback election showed astonishing numbers—the Dow Jones Industrial Average up 1,508 points for a 3.6% increase; the S&P 500 up 146 points for a 2.5% surge; and a whopping 544 point increase for the NASDAQ gain of 3%.
The Federal Reserve just cut interest rates by another quarter of a point, believing that the inflation rate is heading to its target of 2.0%. Let’s hope so, because hard working Americans are still suffering from the pressure of high prices.
Fortunately, help is on the way. Lower taxes, less regulation and cheaper energy will boost profits and increase wages past the rate of inflation. We’ve got some catching up to do for the American people, but our best days are ahead.
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