Toshio Matsuda, Samurai Lecturer, Commentator & Intl Economist
(This issue is submitted to a Washington D.C., Seattle, and Zurich think-tank as the English edition of “Straight from Shoulder”.)
"Straight from the shoulder " by Toshio Masuda-Samurai Lecturer
Above is on those facts and my imagination
( Free of charge to the people I met)Coronavirus is the Divine Wind to stock markets
The US economic growth under Trump peaked at 2.9% in 2018 and reached 2.0% in 2019. The growth in 2020 is expected to be slower.
Yet since 2019 the New York Dow Index (the Dow) continuously set new price records and never stopped doing so until Coronavirus became the world’s headline news.
On 13 September 2019 the Dow rose above $27,220 - the highest for the year; on 27 November it scored $28,160-another annual record; and on 17 January 2020 it reached its highest ever figure of $29,348.
Each time the Dow hit a record figure the analysts were predicting its imminent adjustment; yet it never happened, not until Coronavirus became the world’s headline news: only then the Dow begun to drop.
On the 31 January the Dow fell from $29,350 to $28,239-the same level it occupied on 27 November 2019 -the second highest for the year.
The Coronavirus has offset the third consecutive rally of $1,110.
No matter what reasons were for the continuing rise of the Dow, in the end it was non-economic factors that have forced its reasonable adjustment.
This adjustment is important for Trump keeping the market rising up to the time of the US presidential election in November 2020.
The Europeans don’t like Trump, but Coronavirus certainly loves him!
Samurai Toshio Masuda
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Written by Toshio Masuda