Switzer on Saturday

Disappointing US growth will test Trump’s market magic

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
20,093.78
-7.13
-0.04%
1.34%
S&P 500
2,294.69
-1.99
-0.09%
1.03%
NASDAQ
5,660.78
5.60
0.10%
1.90%
ASX 200
5,714.00
42.50
0.75%
1.05%
Data for week commencing 23 January

It looks like President Trump might have come along at the right time, as US economic growth ended 2016 at a disappointing 1.9%! And considering that small businesses in the USA and Wall Street seem pretty excited, if you use the surveys and stock market indexes as guides, then Donald looks like the President the Yanks had to have!

This annualised growth figure was less than forecasters expected and contrasts with the September quarter reading of 3.5%!

Interestingly, it was trade - one of the President’s key political issues - that let the team down, coming in at the worst reading in six years!