Larry Kudlow: Maybe some Dems will finally see the light and stop bellyaching about tariff inflation

Core Viewpoint - The stock market, particularly the Dow Jones Industrial Average, has reached a significant milestone of 50,000, reflecting strong economic fundamentals and investor confidence [1]. Group 1: Market Performance - The Dow surged by approximately 1,200 points, indicating robust market activity [1]. - The S&P 500 also experienced a rise of nearly 2%, suggesting a broad-based market rally [2]. Group 2: Economic Fundamentals - Strong profits are driving stock performance, with future earnings estimates showing double-digit growth [3]. - Unit labor costs are slightly above 1%, indicating low inflation and supporting the current economic boom [3]. - A business investment boom, termed capital deepening, is enhancing productivity and real wages for the middle class [4]. Group 3: Investment Trends - Approximately 135 million Americans are invested in stocks through various accounts, highlighting widespread participation in the stock market [5]. - The introduction of "Trump accounts" aims to provide a $1,000 seed contribution for eligible American children, fostering early investment in the stock market [7]. Group 4: Consumer Confidence and Fiscal Outlook - The stock market rally is partly attributed to a third consecutive increase in consumer confidence, reaching a six-month high [8]. - A significant reduction in the federal budget deficit outlook is projected, with estimates suggesting a near $12 trillion reduction over the next decade [9].