August 5th Wall St. Selloff May Complicate Kamala’s Path To The Whitehouse.
“Democrats aren’t ready for the Kamala Harris honeymoon to end. Monday’s stock market plunge is reminding them it can’t last forever.
The global stock market tumbles represented a dramatic reversal from the cooling inflation and steady growth economists had been heralding in recent weeks. It’s also an unnerving reminder to Democrats, on the eve of Harris’ vice presidential pick, that public gloominess over the economy could hurt the campaign.”
All politics are loca and that extends to 401k portfolios that are one of the main retirement assets of many Americans. Wall Street headed for the gutter on Monday in a somewhat surprising rout that left many stunned. The markets somewhat recovered on Tuesday but the plunge will become political fodder especially if a Bear Market sets in for any length of time. An interest rate cut would go a long way to help the markets recover and give consumers some breathing room when it comes to borrowing for large purchases. That needs to happen now.
