Trump Pumps Stock Market, Meanwhile Most Americans Don’t Own Stocks!
President Trump continues to pump the stock market with Goldman Sacs whispering in his ear. Today was no exception with a Dow 23k mark tagged, and President Trump was out advertising the success.
Meanwhile, the everyday American sees no gain from higher stocks, because over half don’t owns stocks!
As stocks diverge from fundamentals, is President Trump telling us the last game in town is the stock market?
5s10s flattening continues to signal red flag and crush the reflation/recovery dreams.
To sum up, Trump is being used as the greatest advertiser for US stock markets attempting to suck in new participants into an auction with low participation rate. He is the Herbert Hoover of our time.