Justin Wolfers, University of Michigan professor of economics and public policy, joins Catalysts hosts Madison Mills and Seana Smith to discuss the relationship between the market’s movements and the Trump administration’s policies.
“The US stock market (^GSPC, ^IXIC, ^DJI) today, measured by the S&P 500, is at a lower level than it was the day before the election,” Wolfers says, explaining that this indicates less confidence in the administration’s effect on future business profitability.
“It’s a very sharp vote of no confidence,” he adds, noting that “the president historically listened very closely to what financial markets were saying, [and] financial markets are saying they hate his latest actions.”
To watch more expert insights and analysis on the latest market action, check out more Catalysts here: https://finance.yahoo.com/videos/series/catalysts/
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