Kudlow: 'Trump Factor' Benefits Stocks, Jobs, Economy
There's a "Trump factor" to stock market and jobs gains and improving economic picture, economist Larry Kudlow says. In an interview with radio host John Catsimatidis that aired Sunday on "The Cats Roundtable," the former campaign adviser to President Donald Trump said the "Trump market" along with increases in other global and domestic markets is "playing into a bull market that is going to help everybody's retirement outlook." "I do think there's a Trump factor here," Kudlow said. "Trump has made good on his promise to roll back hundreds of regulations: energy, finance, labor laws, you name it." According to Kudlow, those rollbacks represent "a huge cost savings for businesses." "And that has instilled a lot of confidence," he continued. "This is a pretty confident market. I would not mess with it right now. It looks awfully good." The U.S. economy added 209,000 jobs in July, exceeding economists’ estimates. And so far this year, the Dow is up 11 percent, crossing the 20,000 threshold in late January and 21,000 two months later, The Hill noted. "On the stock market rally," Kudlow said, "profits are the mother's milk of stocks. And the profit reports continue to exceed expectations. That's the backbone of the stock market rally." Reagan Reports for America |