It’s over Trumpsters, yet again.
The President had to do it, jinx the market by tethering his presidency to its gains. In a move that’s incomprehensible to me, Trump bragged that the Dow was +16% and NASDAQ +19.5% since election night — which will undoubtedly prompt the stock Gods to severely punish traders with harrowing losses, both of the calamitous and unforgiving nature.
…way up. Regulations way down. 600,000+ new jobs added. Unemployment down to 4.3%. Business and economic enthusiasm way up- record levels!
— Donald J. Trump (@realDonaldTrump) June 11, 2017
The cold truth about the market under Trump is more of the same under Obama. All of the gains have been registered in mega-cap tech names (FB, AAPL, AMZN, GOOGL, NFLX) with moderate outperformance in certain healthcare stocks. Other than that, market participation has been dreadful and the sectors he’s talked about helping, namely basic resources, construction, have traded lower.
Here are the returns of some struggling sectors under Trump, over the past 6 months.
Department stores -46%
Oil & Gas Drillers -37%
Pollution and Treatment Controls -25%
Steel & Iron -17%
Auto parts stores -16%
Heavy Construction -11%
And here are the true Trump sectors, the ones that have actually made investors money.
Home Healthcare +36%
Semiconductor Equipment +32%
Multimedia and Graphics +31%
3D Printing +26%
Health Care plans +22%
General Entertainment +20%
Here’s the reality of the situation.
Over the past 6 months, US Steel is -39% and Google is +20%. The new boss is the same as the old boss.
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Isn’t an FOMC rate high decision this week too?
Yellen is the true leader of the ‘free world.’
He is trolling the stocked market, lol. How is goldman ballsachs positioned?
Traders are probably short tech on massive leverage while telling institutional and wealth management muppets to remain bullish & buy the dip.
When you said Trump’s bragging will undoubtedly prompt the stock Gods to severely punish traders with harrowing losses, surely you meant the FED via Citadel, etc., PPT, and the usual marxist culprits and planners of “free” markets?
Why does Trump do that? I mean, just because I’m up 23% ytd with only a 5% maximum drawdown, I don’t go around tooting my horn about it. Sheesh. It’s about the market. ?
“I mean, just because I’m up 23% ytd with only a 5% maximum drawdown, I don’t go around tooting my horn about it.”
Ah hem.
Zinger! Lol.
The Trump trade was made a tranny. Why not. Communist fuckheads everywhere. Most do not even realize they are Communist. Fucking castrate themselves for fun and Mother Earth. Whatever the fuck that means. Will the banksters loan. Will the dereg hit quick enough. Just happy not to be a Communist tranny. Trump trade boys.