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Originally Posted by Guest
The one good thing about Trump's time in office has been the stock market bump. Here's a blurb from Reuters today:
President Donald Trump's promises of tax reforms, reduced regulations and increased infrastructure spending has helped spur equities to record highs.
The S&P 500 is up more than 10 percent and at all-time highs since the election. The Dow notched a record high for a tenth straight session on Thursday, its longest such streak since 1987.
But, with Trump giving scant detail on his plans – including on one on Thursday to bring millions of jobs back to the United States – those gains have come with the markets trading in a tight range.
The benchmark S&P 500 index has not registered a move of at least one percent in either direction since Dec. 7.
"Investors have embraced this oversimplified fundamental story of Trump's impact on the financial market and you're starting to see that narrative unravel a bit," said Aaron Clark, portfolio manager at GW&K Investment Management.
"The market will come to realize that a lot of these pro-growth policies might get pushed to the end of this year or next year and you might have this buyer's remorse for the market."
U.S. Treasury Secretary Steven Mnuchin said on Thursday that any policy steps would probably have only a limited impact this year. Investor will likely get more clarity on Trump's plan on Tuesday, when he addresses a joint session of Congress.
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This is where he can make it...the only area..economic issues.
We will know much more after Tuesdays address to congress and hopefully a bit more detail. I have been a bit anxious waiting to here some details on what he proposes.
I am assuming this has been discussed already with congress and the Republican leadership already has a feel for it.
This is the one area where he can make a name. AND I believe get some cooperation from the Democrats as long he does not get all full of himself and make it more preaching.
The national debt and deficit spending are important to me, as is the conversation he had yesterday with CEO's.
They told him...there are jobs...but we lack training in this country.
Addressing that, in my opinion, requires a few things...
1. A dynamic and new approach to how that training is offered and at what expense. Many want, but few can afford.
2. A positive selling job on actually going to school.
I recall in our Daily Sun a few weeks ago what TD inc is doing in some areas. Taking young people on board and training them within. They had the jobs available...JOBS, in my opinion have NEVER been the problem.....but needed people who CAN DO the jobs. They started a program that should be duplicated.
Many of the corporations, and yesterday confirmed it that leave our borders can offer jobs but get no takers here in the USA