Legendary CEO proclaims: Forget the Tweets, President Trump Has Awoken “Animal Spirits”
By: Eric Bleeker
“It seems he’s woken up the animal spirits,” declared Jamie Dimon, chairman and CEO of JP Morgan.
The economic data agrees. Job growth is booming, far surpassing economists’ expectations. Mining and construction jobs are coming back sooner than expected. Wages are rising faster than expected.
That’s not even mentioning the stock market itself, which has been rocking and rolling since the election thanks to the so-called “Trump Bump.”
Which leads me to an important question: Is now a good time for you to buy stocks?
Nobody can tell you where the market is going next, but Jamie Dimon is a go-to source of business insights for many of the world’s top investors and CEOs, including Warren Buffett. And any advice that’s good enough for Warren Buffett is good enough for me.
That’s why I took notice when, in a recent Bloomberg interview, Dimon poured on the praise for Trump’s pro-business policies. To say he sounded bullish about the future is an understatement.
Here are some highlights from his interview:
- Just look at Trump’s policies and “forget the tweets” is Dimon’s advice to those worried about the occasional furor over Trump’s Twitter posts.
- Business confidence has “skyrocketed” because of Trump’s growth agenda.
- He loves the people Trump has brought into his administrations, saying they’re “… top professionals. Serious people, with deep knowledge and deep experience, and their mission is to have a growth agenda.”
- “If he gets it done, even part of it, it will be good for growth, good for jobs, good for Americans. And I’m really confident he will get that done.”
Growth, growth, growth.
And while there are bound to be winners and losers in any major administration change, President Trump’s growth policies mean that business and investors are the likely winners here.
Of course, we aren't politicos here at The Motley Fool.
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