Editor: Draco Copper | Tactical Investor
We discovered that our readers loved the concept of us posting excerpts to other interesting articles. In keeping with that theme, we think you will find the following article to be of interest. We cover a wide array of topics as in today’s world of finance everything is interrelated. Crowd Psychology states that if you focus on only one topic it’s like looking at the tree only and forgetting that it’s part of the forest.
No one can claim to have mastered the markets fully and anyone that does lay claim to such a title should be avoided like the plague. For example, after QE all the rules changed and many time-tested indicators simply ceased to work because the operating environment had changed forever. The markets were suddenly hit with a force that they had never been hit with before. A fed that was determined to destroy any shred of free market forces left in the market. This surprised everyone, and it even caught us off guard initially. Many so-called experts refuse to accept that they made a mistake or could be wrong. Bull Markets Vs Bear Markets & Arrogance
Americans reported substantially higher levels of satisfaction with the country’s military, security from terrorism, and the state of the economy under President Donald Trump than they felt under former President Barack Obama a year ago, according to a Gallup poll released Monday.
When it comes to preventing terrorism, 58 percent of Americans feel optimistic about national security, up 13 points from last year’s 50 percent. And 58 percent of Americans are satisfied with the state of the nation’s economy, up 12 points from last year’s 46 percent.
“Increased satisfaction with the economy is likely related to consistent reports of improved economic indicators over the past year, including employment, GDP growth, consumer spending and the stock market,” Gallup noted.
On the issue of quality medical care in the nation, Americans reported a 2 percent decrease in satisfaction from 52 percent to 50 percent. Other decreases in satisfaction included an 8 percent drop regarding the availability of affordable health care and a 7 percent drop when it comes to both the environment and the “role the U.S. plays in world affairs.” Read more
Voters Want Trump to Talk Health Care, Economy, and Jobs in First SOTU
Voters want President Donald Trump to talk to the nation Tuesday night about improving the economy and health care system, creating jobs, and fighting terrorism during his first State of the Union address, according to a Politico/Morning Consult poll released Sunday.
“Our polling reveals fixing health care reform has become even more of a priority for voters since President [Barack] Obama’s final State of the Union address,” said Kyle Dropp, co-founder and chief research officer at Morning Consult, as Politico reported.
“Notably, 76 percent of voters said it was important for President Obama to discuss improving the health care system during his final State of the Union address in 2016, compared with 82 percent who say the same about President Trump’s address today,” Dropp added.
As Congress struggles to reach an immigration reform compromise, 40 percent and 26 percent of American voters believe it is “very important” or “somewhat important,” respectively, that Trump discuss his plans to reduce illegal immigration during the State of the Union address. Read more
Trump Boom Grows to 250 Companies That Are Giving Tax Cut Bonuses to Workers
More than 250 companies are now rewarding their employees with bonuses, wage hikes, and 401(k) match increases in reaction to President Donald Trump’s tax reform bill, according to an Americans for Tax Reform list published on Thursday.
Liberal journalists and talking heads bashed Trump’s “tax cuts for the rich,” predicting the reforms would hurt middle-class Americans. But soon after the president signed the Tax Cuts and Jobs Act into law on Dec. 22, 2017, economic optimism surged and businesses across the country responded by distributing chunks of their newfound tax savings to their employees and citing the bill’s passage.
Starbucks announced Wednesday that more than 150,000 of its U.S. employees would be receiving wage increases and other benefits because of the tax bill’s passage.
Roughly 125,000 of The Walt Disney Company’s U.S. employees are receiving bonuses totaling $125 million, the company announced Tuesday.
Commerce Secretary Wilbur Ross said Thursday on Fox Business Network’s “Morning with Maria” that the mainstream media had “no alternative but to make up fiction” about Trump’s tax cuts.
“But eventually facts overcome fiction,” Ross said. “And I think the fella that just got a $1,000 check doesn’t care what the left-wing media says. And the person who gets a tax cut in the next withholding, he or she is also not gonna care what the left-wing media says.” Read more
Other Articles of Interest
Stock Market Insanity Trend is Gathering Momentum (Jan 10)
Is value investing Dead (Jan 9)
Irrational markets and Foolish Investor: perfect recipe for disaster (Jan 5)
Stock market Crash Myths and Realities (Jan 3)
Bull-Bear Markets & Arrogance (Jan 1)
2017
Will The Stock Market Crash In 2018 (Dec 11)
Has US Dollar Finally Hit Bottom (Dec 6)
BitCoin Has Done What Precious Metals Never Could (Dec 4)
Experts Making Stock Market Crash Forecasts usually know nothing (Nov 17)
1987 stock market crash anniversary discussions- nothing but rubbish ( Oct 24)
Dow 22K Predicted In July 2017; Next Target Dow 30k? (Oct 15)
Anxiety and Greed Index Don’t Support Stock Market Crash (Oct 14)
Fed States Inflation is not an issue? (Oct 13)
