Gold Bug Peter Schiff Slams Mike Johnson's Claim Of 'Greatest Economy' Under Trump As 'Pure B.S.'
Portfolio Pulse from Shanthi Rexaline
Economist Peter Schiff criticized the claim that the U.S. had the 'greatest economy in the history of the world' under former President Donald Trump, stating that Trump inherited a 'bubble economy' from President Barack Obama, which grew under Trump and popped under President Joe Biden. Schiff's comments highlight the economic challenges faced by each administration, including the Financial Crisis of 2007-08, the COVID-19 pandemic, and rising inflation. The SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the performance of the S&P 500 Index, traded up 0.55% to $414.81.
October 27, 2023 | 10:29 am
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The SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the performance of the S&P 500 Index, traded up 0.55% to $414.81. The ETF could be influenced by the overall economic conditions and the policies of the current administration.
The SPDR S&P 500 ETF Trust (NYSE:SPY) is influenced by the overall performance of the S&P 500 Index, which in turn is affected by the broader economic conditions. The current economic conditions, as highlighted by Peter Schiff, could have an impact on the ETF's performance. However, it's important to note that the ETF's performance is also influenced by a multitude of other factors, making it difficult to predict its short-term price direction based solely on this news.
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