Thursday 20 July 2017

Why Negative Trump News is Good News

It's been seven consecutive months of anti-Prez accusations and seven months of higher prices. Should the accusations stop, I'll be bearish.

If the underlying fundamentals of the economy were deteriorating, then dems would simply sit back and wait til next election and campaign on Trump/GOP incompetence. Since that's not the case, dems are attempting via any possible means to discredit the Prez until any sign of economic weakness appears in the data. Given that, and the fact that 80% of journalists in US are democrats, any non-economic-related negative news regarding the Prez should be interpreted as proof of underlying strength in the economy - a positive sign for wage growth, employment, capacity utilization and the stock market.