The three top indices have hit record highs for 5 consecutive sessions, making it the best record breaking winning streak in 25 years.
Clearly, the market likes the idea of the nominal tax rate going from 35% to 15%.
It’s evident markets want less regulations, removing the moat and anticompetitive roadblocks that have been designed to preserve monopolies.
I find it hard to believe that the market would not prefer to have America’s industrial sector reignite, through America first policies and bilateral trade deals.
American corporations have over $2t in cash hidden overseas, afraid of the tax man. I think we could all agree that having that money come back to the United States is a good thing.
I think the market is elated to see an end to Obamacare and a government who will pass an infrastructure bill which will improve our standard of living, end the malaise of sub 3% GDP growth — and also provide investment opportunities via fiscal stimulus.
All of these things, and so much more, are the tenets behind this rally. They’re the reason why I switched from being bearish to 160% long. While many of these changes appear to be radical, they’re actually quite normal. You’ve been living in a country that penalized success, led by a man who told you to ‘eat your peas’ and ‘pay your fair share’, deriding your entrepreneurial efforts for so long, you’ve forgotten what capitalism can do for both the markets and business.
The notion that 1-2% growth is all that we’re capable of and that we should accept this new normal of mediocrity, in order to cede to an anti competitive, corporate fascist, form of government, is a hateful ideology to most aspirational Americans. The spirit of the best innovators, dreamers, and artistic talents the world has ever known will rise again, like Harambe out from the dense jungles of Africa — once the shackles of imperial corporatism are broken.
When it happens, what side of history and the market will you be on?If you enjoy the content at iBankCoin, please like our Facebook page