Navarro: The S&P 500’s Gains in Last Two Years Were Just a Few Stocks

On Monday’s broadcast of the Fox News Channel’s “Ingraham Angle,” White House Senior Counselor for Trade and Manufacturing Peter Navarro said that the market is “finding a bottom” at the moment, predicted that the Dow Jones will surge in the future and argued that the gains in the S&P 500 over the past couple years “have been basically seven stocks, the magnificent seven, the AIs. Most of the stocks in the S&P 500 have gone nowhere. Now, they’re going to go crazy” due to increased investment in the United States. Navarro said, “[W]hat I see is 50,000 on the Dow....