Mac1958
Diamond Member
Wall Street traders don't bid the economy to record prices. That would be the stock market. The stock market is not the economy.There have been mixed economic data for the last couple of months. Bond yields have plummeted. Economic activity has failed to push inflation. Real estate is inconsistent now. Some factory orders numbers have been iffy.It'll probably be about the economy, which is showing a few potential cracks.
No way to know how that's going to go 16 months out.
"cracks"? Not according to the B of A CEO on TV this morning....2.4% growth in the 3rd quarter. If the Fed does the expected and drops half a point, look for over 3%....some "cracks". LOL!
I'm not making predictions, I'm just pointing out facts. If you think you know what the economy will look like in 16 months, that's really really great.
This has been my profession for 20 years, but I'm sure your talk radio education has put you light years ahead of me.
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You're right, the Democrats might be successful in getting the economy into the dumper by next fall.
But , personally, I don't think so.
Donald J. Trump is a lot more woke than Dubya was in 07-08 and he's going to do what he can. I think it will be enough, so do traders on Wall Street as well, who have bid the US economy to record prices
There's a decent chance things will still be good in 16 months, but most of us in the profession are carefully hedging going forward.
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