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The "Trump trade" narrative is dying in the stock market.
The election of President Donald Trump and a Republican-majority in Congress was supposed to lead to Obamacare's end, tax reform, deregulation, an infrastructure build-out and a healthy increase in inflation accompanied by a rise in long-depressed interest rates.
The problem of people using ups and downs in the market is this.........the market ALWAYS goes up and down. Many factors affect how it does on any given day, not just who is in office or what they do.
When a new President comes in, generally, the market responds favorably because of optimism. But, once he is in there for a while, the market moves around for a variety of reasons. For anyone to attribute ups or downs to something the President does has no grasp on how it truly works. He might affect it for a bit, but not long term.
The problem of people using ups and downs in the market is this.........the market ALWAYS goes up and down. Many factors affect how it does on any given day, not just who is in office or what they do.
When a new President comes in, generally, the market responds favorably because of optimism. But, once he is in there for a while, the market moves around for a variety of reasons. For anyone to attribute ups or downs to something the President does has no grasp on how it truly works. He might affect it for a bit, but not long term.
Obviously this President has no idea how it works because he took credit for the "Trump Bump" before he even took office.
Looks like GDP will come in at less than 1% for the first quarter. That will probably scare the markets though they still are hopeful that some tax cut for the wealthy (them) is on the way. Once that falls through with the so-called Freedom Caucus resistance to the debt it will imply, it's katie bar the door. It could happen sooner. Dem payback for the Gorsuch maneuver may be refusing to cooperate on the debt ceiling and shutting down the government. The so-called freedom caucus would have to go against everything they stand for to stop it and I'm betting they won't. Go short!
If any of us really knew what caused the market to move the way it does when it does, we wouldn't be here on C-D. We'd be on our private island in the Caribbean or at our villa in the south of France.
Ahh the Trump derangement topic of the day. Based yet again on the MSM. This time one of NBC's byproducts.
Markets always correct. What's missed is the market did not crash when Trump was elected as was widely predicted by the deranged & MSM. They are always wrong. That's proved yet again too.
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