agen∙da: an underlying often ideological plan or program
I want to continue to build on the theme over the last several blogs with regard to understanding what’s going on in the bond market in relation to the stock market. The stock market is the tuxedo wearing, glamor star who upon walking in the room causes everyone’s head to turn. It did again this week…more records on the Dow, S&P 500 and NASDAQ.
The S&P 500 is Up a Little Over 5.0% Since the Trump Election, but Most Investor Portfolios Aren’t – Why?
A picture is worth a thousand words.
The big differences between Trump and Reagan’s inherited economies
Just after the Trump election I wrote that the stock market would get some wind in its sails purely on the enthusiasm of Trumpulus (stimulus generated by Trump intending on building things), and we’ve certainly seen that happen. So much so, that we need to take a little breath and recognize the expensiveness of stocks at this level, and take a sobering look at the economy Trump is inheriting versus what things were like when Ronald Reagan took office in 1982.