Markets have been delightful over the past week. The speculative fervor has been the best I’ve seen in many years. Even though the rallies in stocks like DRYS and EGLE are ridiculous, it’s a good thing to see people interested in stocks again. The media is attributing this market greatness to proposed Trump policies, the very same policies that the media said would wreak havoc to the economy if enacted.
Pardon my skepticism, but this feels like a trap.

When the history books are written and these fond memories immediately following the Trump win begin to fade, Obama will get the credit for this market run — not Trump. If you look at what’s been occurring, it’s not all good.
The dollar index is at 14 year highs. Those outside of finance think that’s good news. But my readers know this is the fucking pits of hell for any company trying to export, competing with the likes of the Germans (you know the Germans make good stuff), the anime loving Japanese and of course the dog eaters from China. This places all of our companies at a stark disadvantage. This is precisely the sort of currency manipulation that Trump was warning everyone about.

Also, the odds of a Fed rate hike are now in the 90% range, also something to rue. The Fed hiked rates in December of last year and caused a worldwide meltdown and crash in China, led by forex dislocations that kept people up at night. Markets started off the New Year with its worst decline in HISTORY, in the magnitude of -20%.
Trump also warned us about a politicized Fed and even predicted the market would get destroyed once rates started to go back up.
The number one arbitrager of global growth, WTI, has been LOWER since Trump was elected. The Industrial Production numbers that came out today, marked the 14th straight decline — the worst non-recessionary streak in 96 years.
Also, U.S. bond yields have soared since the Trump win. They’re trying to sell this like it’s a good thing, a sign of inflation — but it’s not. It’s a sign of fuckery, largess. Inflation has been absent for a decade. Now, all of a sudden, before Trump has the chance to do anything, inflation is running hot? I don’t think so. The 10yr has gone from 1.75% to 2.23% in a week. The cost to service America’s $20 trillion in debt just skyrocketed, and you’re there applauding it. You do realize that this spike in yields makes financing Trump’s fiscal stimulus plans all the more arduous, yes?
If the globalist scum, who’ve been gutting this country for decades, truly fear Trump and wanted to lay the perfect trap for him, this is exactly how they’d do it. The market is rigged as fuck, so pardon me as I cynically assess everything, as the disingenuous ‘we love Trump’ narrative is peddled by Wall Street now.
My conspiratorial theories will be proven wrong, only if the market is up by February 15th, 2017.
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