It wasn’t even a week ago the bloviator in chief promised to die on the hill of $5B for his border wall or shut down the government. Predictably, that was all bullshit. I feel it’s my responsibility to point this out.
With a ballooning deficit because tax receipts are falling short and the Dow Jones down a full 6% since the tax cut for millionaires was enacted, Trump is feeling the heat of the one and only issue he could stand on slipping away: the economy.
Investor psychology is real and at the moment volitility in securities and rising interest rates are driving psychological sentiment negative. And once negative, it takes quite awhile to turn that bus around. And I didn’t even mention the asinine tarrifs that are killing jobs in the auto and farm industries.
Bring on the recession post haste. We’re overdue, so let it happen on Trump’s watch. Let it happen tomorrow. I’m bearish on 2019 and plan to profit off it by betting against companies with high debt who boosted their stock prices in 2018 with stock buy backs fueled by their exorbitant republican tax cut.