Dr. Peter Navarro, Director of the Office of Trade and Manufacturing Policy (OTMP), made bold predictions for the stock market and the U.S. economy in 2020
On Tuesday, Stock market expert Peter Navarro told CNBC’s “Squawk Box” that he predicts “at least 32,000 on the Dow” in 2020.
Speaking Thursday on Fox News, Navarro made further predictions for the U.S. economy, saying that a number of factors that are coming together are going to make for a strong U.S. economy in 2020.
“Hey, my forecast streak is on the line here. the day after the election, I said $25,000 on the Dow, everybody said I was crazy,” Navarro said. “July, I said 30,000 on the Dow if we got USMCA passes and interest rates down. 330 points today, we are getting closer to that.”
“I’m seeing at least 32,000 on the Dow” in 2020, says White House adviser Peter Navarro pic.twitter.com/J960Wre9Ay
— Squawk Box (@SquawkCNBC) December 31, 2019