Top analyst: Trump's economy marked by 'soggy consumption, weak job gains and a sour public mood'

Financial analyst slams Trump economy ahead of jobs report

A top Wall Street investor is warning the American public that — although the Dow Jones Industrial Average crossed the 50,000 threshold for the first time last week — these benefits are not trickling down to ordinary Americans, ultimately putting the entire economy in peril.In a note to investors released on Monday and published in Fortune Magazine, JPMorgan's chief global strategist David Kelly described an economy plagued by "soggy consumption…

Top analyst: Trump's economy marked by 'soggy consumption, weak job gains and a sour public mood'

While the Dow Jones industrial average shattered records last week by crossing the 50,000 threshold for the first time, a leading financial strategist is warning that the numbers on the trading floor are masking a much grimmer reality for Main Street. In a new note to investors released Monday, David Kelly, chief global strategist at J.P. Morgan Asset Management, offered a blistering assessment of the nation’s financial health. “It is an economy…