The Trump administration is acting as a cheering section for the U.S. economy. And at least on Monday, investors were cheering along. The Dow Jones Industrial Average rose nearly 250 points or 1%. The S&P 500 jumped 1.2% and the Nasdaq was up 1.35%.
“Our Economy is very strong,” Trump tweeted Monday, accusing Democrats of badmouthing economic conditions to boost their chances in the 2020 election.
Vice President Pence echoed that confidence in a speech Monday to the Detroit Economic Club.
“Despite the irresponsible rhetoric of many in the mainstream media, the American economy is strong,” Pence said. “And the U.S. economic outlook remains strong as well.” […]