Daily Clips: September 30th, 2016
Suburban woman wield election power: Now vote for Hillary Clinton. Ok? Thanks.
A liberal Supreme Court: “Any American under the age of 50 has no memory of living with a liberal Supreme Court.”
Politics and the stock market: Eddy Elfenbein has a great blog, Crossing Wall Street, that focuses on stocks and the economy in general. Today, he has a great bit on keeping politics out of your portfolio:
Let me be clear that government policy does impact the economy, and by extension, the stock market. But those policy decisions are usually well removed from the standard partisan debate. The government shutdown is a good example of a partisan effort that riled investors, but even that didn’t last long. Of course, what the Federal Reserve does is important, but that’s rarely an election issue. Plus, there’s no reason to think that a change at 1600 Pennsylvania Avenue will have a great impact on monetary policy.
Consumer confidence jumps to highest level since 2007
Tweet of the day:
The stock market knows that Trump would be very bad news for the economy. (source: https://t.co/922YcprdZe) pic.twitter.com/ardPVH1V6S
— Noah Smith (@Noahpinion) September 30, 2016
