By CCN: The Dow and broader U.S. stock market rose Monday, bolstered by strong consumer spending data that pointed to a firm domestic recovery at the start of the year. Although markets are enjoying record highs for now, Donald Trump’s new Federal Reserve appointee thinks a 1929-style crash is likely if Democrats take control of the White House. Dow Gives Back Gains; S&P 500, Nasdaq Hit All-Time Highs All of Wall Street’s major indexes booked gains at the start of the week. The Dow Jones Industrial Average climbed by as much as 59 points before paring most of its gains.
The post Dow Will Crash 91% to Reagan-Era Levels if Trump Loses in 2020: Fed Pick appeared first on CCN
source https://www.ccn.com/dow-will-crash-91-to-reagan-era-levels-if-trump-loses-in-2020-fed-pick
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