93 months and counting ...
Thanks to the Trump effect, the rally has continued for 93 months.
The question is how much longer will it last.
The divergence between the Ministry of Truth's data (known as soft
data thanks to all of the various data adjustments) and hard data continues to
Nevertheless, the market runs on expectations and not reality.
However, the inability to repeal and replace Obamacare and to clearly
define the new tax plan continues to cause some uncertainty among
In many areas of the U.S., crop planting of corn and soybeans is seriously behind schedule and
points to a problem with declining yields going forward which could lead to rising
food prices and inflation.
However, for the moment, the FED should be
more concerned about deflation than inflation which should suggest
interest rates will
remain unchanged at the
upcoming FOMC meeting. But remember Keynesian economists rule the FED .
Despite the MSM and the continued opposition of most Democratic
members of Congress, the Trump administration has made several significant
changes to governmental regulations and illegal border crossings have
apparently dropped significantly.
The real question is whether the Republican Congress will come
together and legislate as a controlling party or will the party
in-fighting doom the Trump agenda and his presidency?
May 1, 2017