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I'm wondering what you all think the market is reacting to? It's not like there was any bad economic news lately... in fact the latest round of economic news seemed decent - 200k job growth and 2.6% gdp for the 4th quarter... which seemed perfectly in line with with economic numbers coming out from 2015 to today.
Many were already nervous sitting on a long bull streak and when there was some indication of wage growth the speculation about inflation started (and with central banks sitting on record balance sheets there is little they can do).
The Trump bubble was due solely to the general reaction to sweeping cuts in regulation and enforcement - F1000 companies and investors busting out a keg and screaming "Paaaarrrrrrttttyyy!"
The realities of where we're at are starting to sink in.
The Trump bubble was due solely to the general reaction to sweeping cuts in regulation and enforcement - F1000 companies and investors busting out a keg and screaming "Paaaarrrrrrttttyyy!"
The realities of where we're at are starting to sink in.
Of course it's Trump, making it go UP, UP, UP, then down, down, down.. and sideways when it's doing neither.
And when asked about Bitcoin's meteoric rise recently he purportedly said 'What's Beetcoin?' .. and the whole crypto market turned into a dumpster fire!
Ah, to have such power.
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