DJIA closed on Fri at 35, 227.69

[Marthe48]

I listen to a radio station that has CBS news on the hour. The news reader says if the Dow is up or down, but if I want to know the number, I have to search for it. I believe the Dow was up to around 37,000 when Covid it, and dropped to around 32,000 at the depths of the crisis. I don't pay that much attention, but those numbers stick in my mind.

It is a plus for President Biden. Even if most people don't keep an eye on what the stock markets are doing, it is a sign of what the economy is doing. It seems like the nuts and bolts of the economy are improving too. Maybe families will be able to get by on one or two jobs, instead of three or four, sooner rather than later.

[True Dough]

1. Ol' Dumpy Trumpy

would be shouting from the rooftops every day that the stock market is booming. He did during his presidency, until Covid came along.

Biden is starting to use the term "Bidenomics," which I think is good marketing. There's no need to be obnoxious like Don the Con, but Biden should toot his own horn now and again.

[walkingman]

2. The economy is doing well.

The Dow actually dropped to about 19,300 in March 2020 and Peaked at about 36,200 in November 2021.

Then the Fed started raising rates and it dipped to around 28,500 in September 2022 and now back up to about 35,200 with it looks like a couple more interest rate increases coming up?

Yes, the economy is strong. "Bidenomics" has been remarkable especially considering the dramatic rise in interest rates. Employment is strong. The biggest issue is inflation and that is also coming down...at least on paper.

With the Inflation Reduction Act and The Infrastructure Bill just beginning there is much demand for workers these days but also problems such as "work from home", wages not keeping up with inflation, housing costs, childcare, etc. and CORPORATE GREED.

IMO, the biggest issue we have these days is political dystopia by the GOP and Trump - which seem to be connected.