I am not an economist,
but to quote somebody famous..
“IT’S THE ECONOMY, STUPID”.
Is that pretty much what their 50k big-worded-high intelligence article by people with fancy letters from expensive schools after their names are trying to say??
stock up about 31% (eyeball) while inflation over same period is about 1.75% (eyeball)... hmmm...
Most stock analysts I see on Varney think the market will continue to go up even if a rat wave. They cite an easy FED plus huge rat spending as catalysts.
I think they’re missing something. The market level in Feb was based on Trump’s cutting taxes and regulations despite FED tightening. Today the FED’s 0 interest rates and helicopter money have just gotten the market back to where it was in Feb.
Since current levels are based on today’s tax and regulation environment, the rats eliminating that environment should cause the market to revert back to 0bama levels despite FED easing. Trump basically says this at his rallies.
Lesson: TV stock experts need chumps to hold onto stocks while they flood the exits. I believe Trump will win handily but if not, I’ll be climbing over those other guys towards the exit.