JM, historically there has been a 1st term republican recession almost every time. that big fat bubble Trump referred to during a stump speech is still there. The last tax cut bill just hastened its popping - probably for the best.
- You have to admit, alot of the current securities volatility is due to Trump's rhetoric - His great jobs numbers are doctored (i love shadowstats). Torpedos may not be necessary - Trump doesn't accept advice from anyone, as near as i can tell. And i don't believe anyone is a genius at everything.
having said that, the markets are as flighty as a spoiled 4 year old, at the best of times.
i think Trump - like most Presidents - can have an effect on short term issues, like his pissing contest with China. I think The Fed Reserve has a greater long term influence and is married to the business cycle.
The QE inflation went almost all into the securities market - look at the money supply coupling from an earlier post on this forum. That's inflation by any classical definition.
my 2 cents worth.
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