Quote:
Originally Posted by evilcart
the TRUMP BUMP in stocks reflects the expectation of greater corporate profits due to Trump's plan to slash their taxes , remove rules protecting the planet, remove rules protecting consumers...
The Family Office class will do great. and some upper middle class folk too. But overall this bump will not a summer make.
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Good points.
I'll be honest -- economically all I have to worry about is that 401K...so I'm good for now...lol.
Personally I was worried about Trump's comments on tariffs and international trade but I see from his comments on Canada, he isn't going to do anything that will endanger our national economy which means no huge tariffs. It won't happen.
I think he will use a system of tax credits, breaks, govt. funding to entice businesses to build new facilities in rural America. I think he has been schooled on the impact tariffs will have on the consumer and higher prices.
I'm hopeful he won't screw up the economy.
Not sure about everything else. Not sure he understands the complexities and nuances of foreign policy and he just doesn't have the right people in their advising him.
Also -- he will do absolutely nothing to unify the country. He just doesn't have the dignity, grace, diplomacy.
As for immigration. I do think he will cut back on refugees -- which have not been proven to be the source of our troubles but it looks good and it looks like he is fixing things. I don't think he will change much more than that. Deporting criminals --the previous administration was already being pretty aggressive. Almost 3 million deportations under Obama.....let's see if Trump can keep up. But because the perception was Obama was soft on immigration....anything will seem to be more than what people thought was happening.
Those other things don't maybe have direct impact on stock market but depending on how investors interpret the progress of those things may impact it. Only time will tell.
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