Trump's presidency so far has been pretty volatile and anything but consistent. However, the one thing that was surprisingly consistent was the country's stock market. Over the first year of Trump's presidency, the stock market made record gain as investors saw Trump peel back any regulation that might make their lives more difficult.
But all good things must come to self-correct; the market took a 4% nosedive from Friday of last week until just yesterday. Now, Trump's closest advisors and his most ardent enemies are in a tizzy about the stock market, but here at the Majority Report we're saying, "who cares?"
While many of Americans are invested in the stock market to some degree (pension, retirement fund, etc.), many are not. Likewise, the stock market is not the sum total of economic health. Furthermore, we should work to weaken the stock market in determining the overall health of our economy--this what left/progressive candidates mean when they say, "break up the banks."
We need to weaken Wall St. if we want a fairer economic future. If the stock market can take a 4% plunge after the US jobs report showed that wages were rising and lending interest may increase then we need to do everything we can to make sure banks do not dictate how we live.