The Dow Is Powering Higher Because Wall Street Is Betting on America
The Dow Jones moved 400 points higher on Friday. U.S. unemployment now stands at 14.7%, and ING believes things will only get worse. Trump and China have toned down the rhetoric, but economists are skeptical that the phase one deal is even realistic anymore. The Dow Jones enjoyed one of its more superficially-baffling rallies today,…