In response to yesterday’s forecast about 2019, a reader sees a real downside:
“If Trump goes to jail I look for a lot of civil unrest…could get nasty. I think that could be really bad for our economy.”
And a reader questions…
“Why are companies touting the ‘Trump bonus’ that is supposedly giving people thousands of dollars every month?
“If you don’t have money to buy stock, then you cannot participate. I believe that is all Trump is doing; to me it’s a false claim.”
Your Rundown for Tuesday, January 8, 2018:
Thousands Every Month?
Doing a cursory search of the term “Trump bonus”, we find companies across the country are passing on some corporate tax savings to their employees.
Roughly 1 million American workers are receiving up to $3,000 extra annual income from their employers; not only that, some 40 companies are also increasing 401k matches and/or hourly wages.
These companies include:
- Southwest Airlines
- U.S. Bankcorp
A couple things. The reader above claims “thousands of dollars every month”. Nope. But some workers are getting extra annual income.
Second, you don’t have to participate in a 401k to benefit. Even some hourly employees are benefiting from what’s being touted as the “Trump bonus”.
Long story short, the tax-cut “Trump bonus” effect is only available to employees of those 40 or so companies. Good work…if you can get it.
Market Rundown for Tues. January 8, 2018
S&P 500 futures are up 135 points to 2,366.
Oil is up 79 cents to $49.31 per barrel.
Gold’s price is down $4.30 to $1,285.60.
Bitcoin is up $10.52 to $4,023.72.
Have a good day. We’ll talk tomorrow.
For the Rundown,