It must be incredibly frustrating for bears who are positioning for political uncertainty. Traditionally, the shit that’s taking place now, scandal after scandal and trade wars, would produce a toxic environment for stocks. You know it and I know it.
I used to say the Fed was keeping markets afloat with their tricky ways; but not anymore. They’re out of the way, even being dicks by jacking up interest rates whenever they get itchy.
So why are markets higher? What the fuck is going on?
Well, this recovery was planted in the ground before Trump got into office. The very evil Obama is the one who presided over the recovery and corporate profits were heading higher. When Trump got into office, he sort of stumbled upon a great happening and then super charged it with some regulation and tax cuts. The market isn’t being run by nice charts and technical breakouts, like some of your more inane market ‘experts’ might have you believe. It is being fueled by corporate profits — even in the retailers.
Because earnings and free cash flow are up, so are stocks. And because of that very fact, a certain Donald J. Trump is safe from the gallows and all of the people who want to see him there. If markets crash and become miserable for big business, he’s a goner.
Even more incredulous — if markets are up in 2020 and he runs again, in spite of the frenzy in the media and blue check marks on Twitter, he’ll get reelected and torment half the country for another 4 years of shit-posting.If you enjoy the content at iBankCoin, please follow us on Twitter