Is the honeymoon over?

in #trump7 years ago

http://www.marketwatch.com/story/us-stock-futures-slide-as-concerns-over-trump-grow-2017-05-17

When Trump was elected, equities took off.

It's not because company sales rose, or earnings improved (not counting stock buy backs with cheap Fed money), but because business saw the end of Obamacare and much lower taxes. People bought the rumor, and are now realizing that the likelihood of enacting these policies is all but nil, they are selling the fact. Trump once criticized the Federal Reserve for inflating a stock bubble, now he takes credit for it. Trump criticized keeping interest rates far below natural market levels. Now he embraces low rates so we can refinance the debt for perpetuity. The current GOP budget supports this claim. Trump chastised Janet Yellen for the "horrible" job she was doing. Now that he's President, he's praising her for her "good work".

It's impossible to keep your head from spinning trying to keep up with the daily flip-flopping and thin-skinned Twitter rants.

Our best bet is to stack precious metals and crypto to prepare for the hellacious shit storm heading our way.

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Trump never had a honeymoon.

Well the markets certainly did.

who knows why the markets react the way that they do?

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