Sam, we are all watching the chaos that is seemingly deliberately spewed out from trump’s mouth on a daily basis. The stock market is one of many facets of mindless expression of power for the simple reason that he has the power.
It remains to be seen where all of these executive decisions takes us — the potential for a cascade in adverse effects is real. However, the probability of reversals of decisions on tariffs, the remaining inertia within our institutions, and the economic macro data suggest that sentiment is overly pessimistic and that a bit of good news may have a disproportionate upside effect in coming weeks.
In the meantime the wall of worry must take a pause in its bull market advancement at least for a few weeks.
Sam, we are all watching the chaos that is seemingly deliberately spewed out from trump’s mouth on a daily basis. The stock market is one of many facets of mindless expression of power for the simple reason that he has the power.
It remains to be seen where all of these executive decisions takes us — the potential for a cascade in adverse effects is real. However, the probability of reversals of decisions on tariffs, the remaining inertia within our institutions, and the economic macro data suggest that sentiment is overly pessimistic and that a bit of good news may have a disproportionate upside effect in coming weeks.
In the meantime the wall of worry must take a pause in its bull market advancement at least for a few weeks.