Every talking head pontificating on business TV programs usually has a pretty good sized stock portfolio. Steve Forbes must own a ton of stocks. These people don’t care about common middle class folks. They do not want anything done to hurt their portfolio of stocks. Tariffs are certainly a short term pain, but long term yuge gain.
The TV talking heads will attack anything and everything which hurts their portfolio’s. It is the same thing with FED and interest rates. The ZIRP has caused tremendous overvaluation of hard assets and stocks and bonds. It is only trying to postpone the economic cycle. Except they are making the booms and busts magnified.
So the people you refer to cannot, or will not, be objective because they very probably own quite a bit of stock?
Should I stop listening to them?
Also, if these people only want to prevent their shares from declining, then by definition they are not the ones selling. If anything they are keeping the averages from even steeper loses.
So the question remains - who is selling and why? Back to square one: if tough trade talks are a benefit to our economy, why would stocks take a dive when the trade talks heat up/
Looks like these are unanswerable. At least for now.