Dow Will Crash 91% to Reagan-Era Levels if Trump Loses in 2020: Fed Pick

By CCN: The Dow and broader U.S. stock market rose Monday, bolstered by strong consumer spending data that pointed to a firm domestic recovery at the start of the year. Although markets are enjoying record highs for now, Donald Trump’s new Federal Reserve appointee thinks a 1929-style crash is likely if Democrats take control of the White House. Dow Rallies; S&P 500, Nasdaq Hit All-Time Highs All of Wall Street’s major indexes booked gains at the start of the week. The Dow Jones Industrial Average climbed 52 points, or 0.2%, 26,596.15, where it was nearing all-time highs. Big banks Goldman

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