"MarketWatch" said : Trump’s turmoil won’t kill the stock market

collected by :Jack Luxor

Compare that with the 1970s, during the Watergate era, when the stock market fell 45% from its peak, a bear market that didn't end until December 1974. Uncertainty is never good for the stock market — just ask anybody who lived through the Nixon presidency. "He still has a net positive impact on the U.S. economy, and correspondingly, on the stock market," says Kudla. "But his policies may be longer in coming than many might have thought in January."And that is part of the risk in the stock market. "The short-term turmoil, given that the built-in tax cuts are no longer a given, is still supported by a strong economic backdrop."Source: Wall Street Journal/Haver Analytics The stock market fell by 45% as Watergate ended Richard Nixon's presidency.


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There's one big reason the stock market is becoming Trump-proof


There's one big reason the stock market is becoming Trump-proof
It's important to note that during that period, the stock market was being underpinned by unprecedented monetary stimulus from the Federal Reserve that made it extremely cheap to borrow money. While corporate profit expansion certainly boosts share appreciation, the US stock market showed the ability to recover even when mired in a five-quarter contraction from 2015 to 2016. It marks the third straight quarter of earnings growth for the S&P 500. "If you're a long-term investor, and fundamentals haven't really changed to the negative, there's no reason to panic," said Sichel. "But the underpinning of good, strong corporate earnings still makes stocks a good place to be — as long as you can put up with some increased volatility."

Brazil's stock market plunges after corruption claims
Image copyright Getty ImagesBrazil's Bovespa stock market was briefly halted as investors reacted to corruption allegations against Brazilian President Michel Temer. President Temer was forced to deny a newspaper report that he had given consent to paying off a witness in a huge corruption scandal. Investors are concerned that Mr Temer's reform plans could be derailed. Almost a third of Mr Temer's cabinet is under investigation for alleged corruption. On Thursday Mr Temer said in a TV statement: "I never authorised any payments for someone to be silent.


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