The Hill is reported President Trump will reveal a $1.7t infrastructure plan during the State of the Union Address. Home Depot just announced, thanks to Trump’s tax cuts they will give employees up to $1,000 in cash bonuses. So much for the cuts only benefitting the rich.
FCX beat on the top and bottom line this morning.
CAT crushed earnings, and so did MMM.
Dow futures are +120 and Nasdaq +40.
WTI is higher by 1%, edge lording towards $67 and gold is moving up again.
We’re heading higher again, and for good reason. The animal spirits are in savage mode. You’d be wise to position for a sharp rally in commodities. Truth is, all of this win is inflationary. With tax cuts in the bag, an infrastructure bill in the balance, and Sec. Mnuchin saying a weaker dollar is a good thing, the dollar is likely to suffer and inflation is likely to spike. Watch the TIPs for confirmation. In the meantime, getting long gold, silver, and crude is probably both proactive and smart.
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Yesterday was the dip… Didja miss it? I did.
You’ve nailed this move
Long wheelbarrows.
Truth. Bullish LOW? We’re all gonna be so winning when our dollars go down 30% against RoW. Good for real estate though.
“..give employees up to $1,000 in cash bonuses. So much for the cuts only benefitting the rich.”
A couple $trillion in additional deficit spending and a few tens of millions tossed at the surfs.
Should the serfs get trillions?
Yes. Since 2007 25t in New wealth went to the top, while the bottom 2/3 lost 3t…now over 50% of those under 35 favor socialism. Capitalism is being destroyed by it’s own hand.
Kyle. Everything I sold yesterday is cheaper. Spectating.
Supposed to be Kule. I hate spell check. Robots are evil.