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Economist Stephen Moore: Dow Could Hit 30,000 Under Trump

Jacob Wohl

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Today in an exclusive interview with Jacob Wohl, world-famous economist Stephen Moore laid out a very bullish case for the economy and the stock market under President Trump.

Moore said that he can foresee a future where “The Dow continues upwards to 30,000 under President Trump”, and cited the new estimates from the Atlanta Fed, which Project 3.7% YOY GDP Growth for Q3 2017.

In the wake of the high economic growth estimates by both private economists and the Federal Reserve, many experts are joining the camp that says that the market may be under-priced, when growth is factored in. Although Moore voiced disagreement with President Trump’s idea to reduce the number of new legal immigrants, citing an unlikeliness that such measures would work to increase wages, he voiced a very positive outlook on de-regulation.

Stephen Moore believes that Obama era regulations were the number one challenge for businesses, and for the economic recovery as a whole. He believes that if China can achieve GDP growth levels north of 5%, the same may be possible for the US, despite the fact that we have significantly lower access to low wage workers than China does.

Moore is currently working on a new book called “Trumponomics”, in which he plans to elaborate upon Trump’s economic plans. Moore said “While very similar to Ronald Reagan’s economic policies, Trump’s economic philosophy has several key differences”.

Moore expects that the proliferation of information technology and robotics could make for a “new golden age for American productivity”, which is an opinion that differs from the consensus.

About the Author: Jacob Wohl is the CEO and Head of Fixed Income and Interest Rates for Montgomery Assets, a proprietary trading and asset management firm based in Los Angeles, CA. Wohl is the host of the Offended America Podcast

Jacob Wohl is the CEO and Head of Fixed Income and Interest Rates for Montgomery Assets, a proprietary trading and asset management firm based in Los Angeles, CA. Jacob Wohl is the host of the Offended America Podcast

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