What a stupid narrative. The global economy is in its 8th year of recovery following the economic crisis and the markets are a reflection of that, not politics or tweets. The only significant Trump event was in fact a non-event and that was his failure to pass healthcare legislation. What that indicates is that the dipshit in the Oval Office is unlikely to get his beloved Tax Reform passed. That is something Wall Street would like to see, which explains the reaction to Trump's failure on healthcare.
What we've seen this year is very narrow leadership from a few stocks in the S&P 500 and by sector, the only sector that is down in 2017 is Energy/Oil - down almost 13%. The sectors that are providing market leadership since November are Technology, Consumer Discretionary and ...HEALTHCARE!!!
Those three areas are up about 12% YTD, or create what we'd call a pair trade spread of about 25%!!
So if you're some dipshit who bought Oil & Energy and the Banks based on Trump deregulating and repealing everything -- you're sucking eggs compared to the investor who sees the apolitical strength of the Global economy and associates that strength with favoring cyclical/growth markets. Stupid President BabyHands actually brags about "taking the Dow from 19,000 to 21,000" when his predecessor saved the country from the brink of an economic Depression and "took the Dow from 7500 to 19,000."
Being on Wall Street, I have made a relatively decent amount of money over the past year or so and I use some of that money to fund groups who oppose Trump on most of his policy.
You see, that's how we "Liberal Elitists" do -- outsmart the dumbasses who voted for Trump thinking he'd put us in his time machine and take us all back to a 1962-era America.
"Oh, I say and I say it again, ya been had! Ya been took! Ya been hoodwinked! Bamboozled! Led astray! Run amok! This is what He does."
[goes back to work making money]
