lawgator1
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- Aug 8, 2005
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You’re giving too much credit to Trump for the volatility. Markets were historically way overvalued at an almost 30x multiple. Plus it’s been a while since the last correction after COVID reset the floor and equities have been appreciating off of it.
Earnings will drive US stocks higher. Lower interest rates and permanent tax relief will do that. Tariffs are just an excuse for markets to sell off.
And you are dodging the blame he so obviously deserves for the last three weeks.
You can ALWAYS say when there is such a massive loss of wealth that, oh, we were due. That claim can never be disproven.
But here, in this case, we can easily trace discreet nosedives within minutes of goofy comments by him, or his staff. And then, when forced to backtrack, we can see at least some recovery.
At this point, the market sentiment is that it's simply not safe to make big deals. Big mergers are off. And the reason is lack of stability at the WH. This is undeniably true.