TRUMP ORDER TO SPIKE STOCK MARKET BY ENDANGERING SOCIAL SECURITY $DJIA $DIA
After Republicans and Democrats reached a stalemate in Congress, President Trump issued executive orders intended to help the economy. The orders include a payroll tax deferral. The payroll tax pays for Social Security and Medicare.
This column is not intended to be a comprehensive analysis but limited to the impact of the deferral on the stock market.
Trump’s order, if implemented, would spike the stock market. Let’s explore this issue with the help of a chart.
Chart
Please click here for an annotated chart of the Dow Jones Industrial Average DIA, which tracks the Dow Jones Industrial Average DJIA.
Note the following:
• The stock market chart is monthly, giving investors a long-term perspective.… Please click here or the title below to read more.
August 10, 2020