Webcast Tuesday: Mortgage Rates and Liquor Sales

webcast tuesday: He said federal programs take time to roll out, rising mortgage rates and monthly payments aren t positive for the psyche of the middle class, and supporters of defeated Hillary Clinton are not in a mood to spend money, according to Bloomberg. Maybe liquor sales will go up, Gundlach said on a webcast Tuesday. Gundlach, who first predicted the outcome of the election in January, said Trump doesn t have a magic wand to rapidly improve the economy. The Trump win is not positive for consumer spending. function global function ad Code dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; The S&P 500 Index has climbed 1.9 percent since the Nov. 8 election, surprising those who expected a selloff. We disagree with that, said Gundlach, who urged investors to avoid the FANGs -- Facebook Inc., Amazon Inc., Netflix Inc. and Google or Alphabet Inc. -- in particular. Many of the same bankers and economists who initially predicted that a Trump presidency would sink the U.S. economy are now saying his growth policies will fuel the stock market, the manager said. (news.financializer.com). As reported in the news.