With the market at record highs and unemployment at historical lows, President Donald Trump is going to be “indomitable” if this keeps up, according to economist Steve Moore.
“Trump is going to be really indomitable if the economy continues to hold up and with these stock market numbers,” Moore told Sunday’s “The Cats Roundtable” on 970 AM-N.Y.
“My prediction on your show is that if we get this China trade deal done, we are talking about, not Dow 28,000, but maybe Dow 33,000 — which would be an amazing thing. We’re talking about a 70% gain in four years under Trump if that comes to pass.”
Progress on the China trade deal and the potential to pass the U.S.-Mexico-Canada Agreement are the top reasons for a record stock market of late, Moore told host John Catsimatidis
“The latest signs are good for China trade, good for Mexico and Canada trade,” he said. “It will be amazing if Donald Trump goes into the election cycle next year having lowered tariffs rather than raising them.”