Before jumping into this article, here’s a quick timeframe quiz. When was the first iPhone released? Answer = June 2007. 10 short years ago. Amazing right? Okay, we’ll come back to this later.
Since the Presidential election we’ve been witness to how much the word market confidence comes into play with the stock market. Trumponomics has driven Wall Street belief that real growth is on the way, undergirded by an actual increase in corporate revenue. Since 2014 corporations have created higher earnings more through financial engineering than an increase in income and that formula has reached its exhaustion. Time for the cash register to start ringing.