The stock market closes in 75 minutes and the S&P 500 is up 0.65% on the day after a major party presidential candidate – with a legitimate shot at winning the election – said that there is a stock market bubble being propped up by the head of the Federal Reserve playing politics in order to make President Obama look good. By the way, that’s the Chairperson who will still be in that position when the next president takes the oath of office in January. Her term as chair ends in February 2018, and her term on the Board ends January 31, 2024.
If it were anyone other than Donald Trump making that accusation, the stock market should have reacted badly. Because Trump has said so many things which aren’t true, this statement just gets brushed aside.
This should worry the Trump campaign insiders and supporters much more than a lackluster performance in the debate last night. He’s not likely to win over the college educated voters he needs to win the presidency if nobody takes him seriously.