US Economy - The Trump Bubble - Dow Jones Meltdown two days in a row: Tumbles Again Today Ahead of State Of The Union Address

America First or America Economic Meltdown

The Dow Jones Industrial Average plummeted today amid investor fears of rising interest rates and a disruption in the health care market. The blue-chip index closed down 361 points, or 1.37%, to 26,078 — the second day of triple-digit declines and the worst daily drop since August.

That’s an inconvenient truth for President Donald Trump, who’s expected to tout an economy that’s “roaring back to life” during tonight’s State of the Union address.

“America is open for business, and we are competitive once again,” Trump said in a speech last week at the World Economic Forum in Davos, Switzerland, that previews tonight’s remarks.

But investors freaked out today following reports that Amazon, Berkshire Hathaway and JPMorgan Chase plan to form a company to tackle health care costs for their employees — an announcement that triggered a selloff of health-care stocks.

Meanwhile, the 10-year U.S. Treasury note reached 2.73% — a sign that investors see a risk of rising inflation.

Bottom-line: investors are finally getting the message that Donal Trump has created fake optimism about the US economy , which in reality is based on a fata morgana  and drag the US into a spiral of inflation and a huge deficits. 

Read more: Dow Jones Takes A Tumble Ahead of State Of The Union Address | Deadline