Too Much Of A Bad Thing?
Ok, so Monday was the worst day of the year for stocks.
That would seem to suggest that if Trump was a "good thing" for equities (which he clearly was for a few months), you can always have "too much of a good thing." In this case "too much" meant the institution of a de facto Muslim ban and effectively shutting out the Joint Chiefs in favor of a right-wing propagandist on the National Security Council.
And you know, I'm really not trying to be partisan there. That's actually what happened. H
1. “de facto muslim ban”? C’mon man. That is willful ignorance at best and makes your following comment laughable
2. Could today’s weakness have more to do with the fading prospects of congressional consensus on tax reforms, doubling down on border taxes, all the new found second-guessing on the true effects (or political chances) of “Trump stimulus”? Or even the chance that the wishful thinking gave way to more caution over the weekend as the orange glow began to fade?
Surely there is more to today’s weakness than mere headlines and hysteria over temporary refugee moratoriums. As an intraday trader the retail headlines blamed for a day’s action were hardly ever telling the whole story, or worse were outright misleading. I don’t buy it…too much else moving around out there as you document day in and day out.