Capital markets, yes, not just futures specifically. I don't think the bottom will drop out, but then again my definition of that may be different than your own. I could see a pullback of 10% or so at some point. The yield curve is relatively flat which is an indicator that a recession could be on the horizon (not guaranteed). Overall, I think it's clear the markets are in favor of Trump's pro-growth policies which is why you see muted responses to some of the political headlines from the markets. Given how strong corporate earnings have been this cycle along, dampened fears on tariffs/trade and the recent GDP growth number, I don't anticipate any significant pullback without a major catalyst.
Also, it goes further on policies than just tax cuts and a Supreme Court nominee for Republicans like myself. I'm sure you were just generalizing, but wanted to make sure you knew it wasn't just those two things for me.
I am sure you are aware of the rise in buybacks due to the tax cuts. The wealthy are indeed seeing huge gains and profiting off of policies in place. The general public however is spending more by borrowing more. The wealth gap grows and is a very real pr Been for many people and creates more divide. With regulations being eased, my fear would be one like the housing crisis in 2007-08. These tax cuts have morning made it to the everyday American, nor has it created much in the way of companies investing in infrastructure. The tariffs being added only add fuel to the situation as NOW, investing in infrastructure has become more costly.
I am sure you know more about the market than I, but it really isn’t tough to look at what is happening and find precedents like 2007 that point to a problem if things continue as is. Fuel prices are going up again, housing has stalled, fricking Zickerburg lost 10 fortunes in one day. We are a consumer society now, tariffs won’t change that, therefore they become a tax on consumers as manufacturers and importers pass the increase in doing business onto the consumer. If you believe that Americans demanding lower prices is part of the issue in the trade imbalance, which I do, I hate unions by the way, than you can see how the tariffs can actually lose jobs as well as leave less expendable income for people to spend. Americans won’t work for the pay it takes to make these consumable items, therefore we see jobs going elsewhere.
I don’t know, I have way more to say, but o do know we aren’t going back to factory jobs out of high school and middle class neighborhoods being affordable to the majority. I do believe in capitalism, but it must be regulated and right now, I can see all kinds of signs that what we are seeing is Trump manipulating the market with tweets, investors taking advantage of lower prices and then a retraction that brings the value of the orIginal stock back up, thus funneling money to unscrupulous investors.
I cannot for the life of me understand how anyone can not see why Russia would want Trump to be president. He has unilaterally acted against long held policies that would be advantageous to Russia. He has created devise and his connections to and placement of criminals at high leveled has created mistrust and confusion at the highest level of government. I don’t think Trump is a Russian infiltrator, but I believe he is dirty enough and dumb enough to let Russia help him win the election, even if all they did was stir up mistrust and confusion to help him win.
People may not see the long term damage being done, but you would have to ignore the past 85 years of foreign policy to not see a problem here.
