Market up on strong jobs data.

[Bitek]

Let's also keep in mind that the positive really we saw last week was in part driven by unexpectedly dovish comments by the Fed regarding rates.

Who was berating Powell up to meeting? Mr Tariff Man.

What also happened today? Realization that that's likely an anomaly and not a sustainable position, and was made under political pressure. Don't expect it to last.

 

[blackangst1]

Go ahead and tell yourself Trump had nothing to do with it, but that's not what investors are saying.

As I explained, it's not the only thing, but it's very much part of the crap stew of news coming out.

"Today’s move feels like the market is a scorned lover. It had believed, for whatever reason, that progress was being made at the G-20 and that turns out to be murky -- it feels lied to,” said Michael Antonelli, a managing director at Robert W Baird & Co. “Then a pile of negative Brexit news, Williams starts to ramp up hawkish talk, then we have our yield curve acting like it got run over and boom, we puke....

Yes, there is a halt in tariffs,” said Delores Rubin, senior equities trader at Deutsche Bank Wealth Management. But “we haven’t resolved anything yet.”

https://www.bloomberg.com/news/arti...t-for-muted-open-curve-flattens-markets-wrap?

Feel free to browse the financial news sites for more examples. It's a fuckin disaster.

Whatever you say Sparky.

 

[Bitek]

Whatever you say Sparky.

Nope it's not what I say. This isn't a high minded philosophical debate of how many fairies can fit in a thimble.

It's what the results are saying. They are pretty clear and measurable in this case.

 

[JSt0rm]

Whatever you say Sparky.

i blame you for my 2018 having no gains.

 

[MomentsofSanity]

Whatever you say Sparky.

I work in this business. I'm a broker. This is what I do for a living and Trump ABSOLUTELY had an impact yesterday with his stupid tweet. It wasn't the only thing but people are looking at what he has said about China and tariffs and noticing that China themselves have said nothing. Not a word to support any of it. Then the jackass comes out with "tariff man" to accelerate that unease.

Now tell me I have no idea what I'm talking about.

 

[blackangst1]

I work in this business. I'm a broker. This is what I do for a living and Trump ABSOLUTELY had an impact yesterday with his stupid tweet. It wasn't the only thing but people are looking at what he has said about China and tariffs and noticing that China themselves have said nothing. Not a word to support any of it. Then the jackass comes out with "tariff man" to accelerate that unease.

Now tell me I have no idea what I'm talking about.

Nope I won't say that. I guess my reply should've said Trump could have impacted the markets I'll concede that. But what I said is also true

 

[SlowSpyder]

Just catching up here. Lots of excuses for Obama's deficit spending. LOL

 

[fskimospy]

Nope I won't say that. I guess my reply should've said Trump could have impacted the markets I'll concede that. But what I said is also true

I think you are right. I suspect Trump’s stupid tweeting did impact the markets but I think people are probably overestimating the impact and confusing it with the zillion other factors that also affect it.

I mean if he really exerted such a strong influence that’s a dynamite trading strategy right there. People shouldn’t be spilling the beans here they should be retiring early.

 

[MomentsofSanity]

Nope I won't say that. I guess my reply should've said Trump could have impacted the markets I'll concede that. But what I said is also true

"Could have" would also be imprecise. He did impact markets. There is no question to that.

It would be more precise to say he impacted it in a broader way with his comments on trade with China on the weekend that has in no way been supported by China. Was he blustering or is China screwing him by letting him hang out in the wind by himself is the question. I suspect premature bluster is the case as he has done it many times before in these situations. His tariff man tweet was enough that it pushed people teetering over the edge.

 

[fskimospy]

Just catching up here. Lots of excuses for Obama's deficit spending. LOL

I am pretty amused by the fact that conservatives spent years under Obama saying ‘Keynesian economics doesn’t work’. After it worked you morons have shifted to ‘Keynesian economics doesn’t exist’.

Lol.

 

[Paul98]

If only the GOP would look at the data and things like what just happened with GM.... But they won't and they will continue down the hole

 

[SlowSpyder]

I am pretty amused by the fact that conservatives spent years under Obama saying ‘Keynesian economics doesn’t work’. After it worked you morons have shifted to ‘Keynesian economics doesn’t exist’.

Lol.

I think we spend too much in general, whether it is a D or R in office or in control of congress. But regardless, I love watching you guys scream over Trump deficits while you praise Obama for his huge deficits and doubling of the national debt in just eight years, a ~$10,000,000,000,000 cost added to our debt.

 

[MomentsofSanity]

I think we spend too much in general, whether it is a D or R in office or in control of congress. But regardless, I love watching you guys scream over Trump deficits while you praise Obama for his huge deficits and doubling of the national debt in just eight years, a ~$10,000,000,000,000 cost added to our debt.

Trump has more than doubled the deficit Obama had in his last year in a booming economy. What the fuck are you even on about? Obama inherited a disaster. Trump inherited an economy charging along and he has managed to somehow reverse the decreases in the deficit and it will continue to grow over to over a trillion a year for several years to come.

You really don't understand any of this do you?

 

[fskimospy]

I think we spend too much in general, whether it is a D or R in office or in control of congress. But regardless, I love watching you guys scream over Trump deficits while you praise Obama for his huge deficits and doubling of the national debt in just eight years, a ~$10,000,000,000,000 cost added to our debt.

Thank you for proving my point.

 

[Paul98]

SlowSpyder

We were in a recession when Obama came into office, Do you agree with that?
A recession lowers tax revenue, do you agree with that?
We should use stimulus(such as tax cuts) to get out of a recession, do you agree with that?

 

[blackangst1]

"Could have" would also be imprecise. He did impact markets. There is no question to that.

It would be more precise to say he impacted it in a broader way with his comments on trade with China on the weekend that has in no way been supported by China. Was he blustering or is China screwing him by letting him hang out in the wind by himself is the question. I suspect premature bluster is the case as he has done it many times before in these situations. His tariff man tweet was enough that it pushed people teetering over the edge.

Ok let me ask this. What market gains do you "ABSOLUTELY" attribute to Trump?

 

[fskimospy]

Trump has more than doubled the deficit Obama had in his last year in a booming economy. What the fuck are you even on about? Obama inherited a disaster. Trump inherited an economy charging along and he has managed to somehow reverse the decreases in the deficit and it will continue to grow over to over a trillion a year for several years to come.

You really don't understand any of this do you?

For a good time you should look up older posts from the recession by conservatives.

1) during the recession they argued that liberals just wanted deficits forever no matter what.

2) liberals said repeatedly they support increased deficits during recessions and reduced ones during good economic times.

3) Now that we have exactly those good economic times liberals want to cut deficits, exactly in line with their original logic

4) conservatives suddenly don’t care about deficits while claiming liberals only do because a Republican is the president.

This is one of the biggest problems with modern American conservatives - they project their own hypocrisy and dishonesty onto everyone else. Since they had no problem abandoning economics in favor of simply making whatever argument was most politically convenient they think everyone else works in that reality-free way.

 

[SlowSpyder]

Trump has more than doubled the deficit Obama had in his last year in a booming economy. What the fuck are you even on about? Obama inherited a disaster. Trump inherited an economy charging along and he has managed to somehow reverse the decreases in the deficit and it will continue to grow over to over a trillion a year for several years to come.

You really don't understand any of this do you?

What I'm going on about is that if you look at the Obama deficits compared to Trump, Obama's were much higher at this point in his presidency. And while we all agree that Obama was handed a bad situation from Bush, while the markets were doing well there were a lot of cracks in the Obama economy when Trump came into power too. Bottom basement rates from the Fed, ever decreasing workforce participation and increase in social program spending, and very weak growth. The market has faltered lately, but all of those categories have improved under Trump, while in a trade war. Trump is doing a hell of a job.

 

[MomentsofSanity]

Ok let me ask this. What market gains do you "ABSOLUTELY" attribute to Trump?

The tax cuts dumped a large amount of money into the market and provided a temporary boost for the last year by boosting company profits etc... Investors like that. The market likes that.

Those have now leveled off. The sugar high so to speak is gone. Unfortunately we are now left with the "what happens now" and this is where his actions are having a negative impact.

 

[MomentsofSanity]

What I'm going on about is that if you look at the Obama deficits compared to Trump, Obama's were much higher at this point in his presidency. And while we all agree that Obama was handed a bad situation from Bush, while the markets were doing well there were a lot of cracks in the Obama economy when Trump came into power too. Bottom basement rates from the Fed, ever decreasing workforce participation and increase in social program spending, and very weak growth. The market has faltered lately, but all of those categories have improved under Trump, while in a trade war. Trump is doing a hell of a job.

This is literally one of the dumbest posts I have ever seen on this board. And that is saying a lot considering the competition you have over the years. This is spidey level stupid.

 

[Bitek]

You guys are taking the diversion bait.

No wonder Slow wants to change the subject away from the volatile market that Trump is creating, although why he would choose to change the subject to the exploding deficit under Trump, I have no idea.

perhaps he's decided he's tired of being punched in the face, and would rather be punched in the nuts instead.

 

[Paul98]

Trumps tweets and comments that are economy related have an impact on the markets

 

[obidamnkenobi]

This is literally one of the dumbest posts I have ever seen on this board. And that is saying a lot considering the competition you have over the years. This is spidey level stupid.

Yeah, wow. That's some cult-level derangement justification! "obama inherited the worst crisis since the 20s, but eh.. the Fed rate was low when Trump's term started too!". Everyone knows Trump-cultists are idiots, but still surprised how bad it is.

Also, short of giving tax breaks to the wealthy and business (on top of hiostoric high profit margins) I don't know what else he's done exactly. Very little "deregulation" has actually happened; net neutrality had no impact on business, even verizon said so. Clean power plan was never implemented anyway. Tweaking dodd-frank I guess?

 

[jmagg]

Valuations are mostly astronomical, it's all a trap until the correction

 

[Jaskalas]

Market up on strong jobs data.

Just catching up here. Lots of excuses for Obama's deficit spending. LOL

How's that market going?