It has been amazing to watch the stock market gyrating in response to things that aren’t even policy changes — they’re hints and rumors of policy changes. Today’s Washington Post has an article with the headline “White House eases tone on tariffs on China but won’t be cutting them soon.” OK, how much does the change in “tone” tell you about what will actually happen?
Why, then, did stocks rise on this non-news? I’d say that the market is like someone caught in an abusive relationship — still in denial, seizing on every hint of decency as evidence that their partner is really changing their ways. Apparently investors and the news media still haven’t learned that you can’t read supposed insider reports on administration thinking the way you could in a normal administration — as indications of where the policy process is headed. There is no policy process . Trump will zigzag based on who talked to him last. Maybe his next move will be determined by what guests say at the dinner he’s throwing for those who gave him the biggest bribes — which is the literal description of major purchasers of the $Trump coin.
I’d say never mind the stock market. Focus on the real economy, where everything says that policy chaos will soon take a real toll. …
Dear Professor, Nobel Laureate, etc., etc., etc., I’d say that the Stock Market is a Complex System. Why did the Stock market do what it did? It was a probability that materialized.
The Captain
That is often true. It is certainly not always true.
We can look at just the last few weeks to see where a randomly announced policy shift throws the market for a 2,000 point loss. Or where a sudden “OK, tariffs suspended for 90 days” puts the market back in a good news - in an instant.
Yes, there are days when the bobble-heads declare sentiment for some silly reason, but there are also days where the cause is as plain as the eyeliner on Vance’s face.
The CHIPS Act, an economy that recovered better and faster than virtually every other western country in the world after COVID, support for Ukraine, a cut (by half) to child poverty with the American Rescue Plan, a surging stock market, lowest unemployment rates in a generation, and on and on.
I’ll take “non functional and incapable” any day over what we have now.
Pete
Corrupt? LMAO. Trump is deeply corrupt. So, if you don’t like corruption you might want to reconsider your devotion to him.
This is a pipe dream.
Focus will be on
people making less than $200,000 a year.
Let’s not hold our breath…
THE EXTERNAL
REVENUE SERVICE IS HAPPENING!!!
Translation: We‘ll be taxing US consumers first and foremost but we try to pretend it is foreigners who are paying.
Man, this is so great. I get a DOGE check, plus my income taxes go away, PLUS the deficit is reduced.
I wouldn’t have believed all these things were possible, but that nice Mr. Trump promised.