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Pulling back the curtains on wage-theft enforcement in MN; Trump's latest attack is on RFK, Jr; NM LGBTQ+ equality group endorses 2024 'Rock Star' candidates; Michigan's youth justice reforms: Expanded diversion, no fees.

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Transportation Secretary Pete Buttigieg says rebuilding Baltimore's Key Bridge will be challenging and expensive. An Alabama Democrat flips a state legislature seat and former Connecticut senator Joe Lieberman dies at 82.

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Historic wildfires could create housing and health issues for rural Texans, a Kentucky program helps prison parolees start a new life, and descendants of Nicodemus, Kansas celebrate the Black settlers who journeyed across the 1870s plains seeking self-governance.

Investors Urged Not to React to Trump's Tweets

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Monday, December 12, 2016   

CHICAGO -- There have been some dramatic swings in the stock market since the announcement on election night that Donald Trump had won. Now financial experts are warning against knee-jerk reactions to the President-elect's tweets.

People who invest in a company or an industry should do serious research before buying or selling off in reaction to something on social media, said Paul Nolte, portfolio manager and senior vice president at Kingsview Asset Management. He said it’s unusual for the financial world to be affected by one person's opinion.

"We don't see it as much in the financial industry, so this is kind of new for us,” Nolte said. "But then again, we're all learning how to live with a 'tweet president,' who is not afraid about getting out on social media and giving the world his opinion."

Nolte said the 140 character outbursts of opinion on Twitter are just that - one person's abbreviated views - and not enough information to make a big financial decision.

He argued that people shouldn't jump to too many conclusions about how the economy will react to a new administration, adding that there will probably be some winners - likely banks and industrial companies - but there may be some losers, too.

"Utilities, consumer staples, to a certain extent healthcare, and certainly the bond market,” Nolte speculated. "Because the expectation is with the economy doing reasonably well at this point - we're pretty close to full employment and we're going to add a stimulus package to it - the fear is inflation is really going to start to pick up."

Trump's tweeting has also started a debate in the media about whether his comments qualify as news. Recent tweets included such topics as diplomatic relations with Cuba, Cabinet picks, illegal voting, flag burning and more.

Trump has said he doesn't plan to stop using social media, claiming if the news media covered him fairly, he wouldn't have so many reasons to tweet.




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