The stock market has been on a wild ride since Donald Trump won the presidential election. His promises of lower taxes and fewer regulations have investors feeling so positive about the future of the U.S. economy that the DOW is close to hitting a record breaking 20,000. Will this trend up continue or are will it lose steam after the dust has settled and start sliding backwards?
Real estate is often affected by stock market performance. When investors are making money, they have the confidence to buy property. If they lose money, they don’t buy, or might even sell property.
Market Watch published an opinion piece recently saying that the recent enthusiasm over campaign promises like tax breaks and fewer regulations will peter out eventually - and that investors need to realize major changes don’t take place overnight.
The President-elect himself said that the stock market was in a bubble during his campaign. Yet the DOW has been up 8% percent since then and the NASDAQ up over 6%.
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