Editor: Vlad Rothstein | Tactical Investor
Trump Breaking News
Trump Breaking News: Higher Trend Markets Is The New Norm?
President Trump, who has taken credit for a rising stock market as a measure of his own success, complained on Twitter Wednesday that “good (great) news” in the economy led to an abrupt decline in stock prices, his first comments about the stock market since its sharp drop earlier this week.
In the early-morning tweet, Mr Trump lamented that in the “old days,” stocks would rise on good economic news, saying “Today, when good news is reported, the Stock Market goes down. Big mistake.” The tweet did not elaborate on what he meant by the “old days” or explain further his analysis of why stocks plummeted on Friday and Monday.
In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!
— Donald J. Trump (@realDonaldTrump) February 7, 2018
On Tuesday, the Treasury secretary, Steven Mnuchin, tried to walk a fine line in distancing the administration from the recent drop in stock prices while still taking credit for the run of success that preceded it.
“We are very focused on long-term economic growth, and we believe that the policies that we have enacted, including tax reform, are very positive for long-term economic growth,” Mr Mnuchin said at a House Financial Services Committee hearing. Read more
Trump Breaking News: Markets Are Pulling Back On Good News
President Donald Trump on Wednesday broke his silence about the stock market’s recent tumbles and volatility, arguing on Twitter that the decline was a “big mistake” that happened amid a strengthening US economy.
“In the ‘old days,’ when good news was reported, the Stock Market would go up,” Trump said. “Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!”
The Dow Jones industrial average fell nearly 1,200 points on Monday, its largest-ever one-day point drop. Though it was relatively small on a percentage basis, it triggered concern from investors about the market’s stability.
Trump’s silence on the market was notable given how much the president has touted stock surges. An analysis by Business Insider found that Trump typically tweets about the market every 6.5 days. Before Wednesday’s tweet, he had not done so since January 20. Read more
Trump & The Stock Market
At a time when multiple whistleblowers may be emerging against President Trump, economic data are showing weakness, a grim earnings season is ahead and professional investors are selling stocks, Trump brilliantly slew the bears and made bulls behave like puppy dogs.
Think what you may of Trump, but the evidence is overwhelming that he is a brilliant market timer. In my 30-plus years in the markets, I have never seen anybody else as good at market timing as Trump. Let’s first explore this issue with the help of a chart and then address two important questions that prudent investors ought to be asking but nobody is talking about. Full Story
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