Opinion 2016 election aftermath - Inside the market’s love affair with Trump

New York Post ^ | November 27, 2016 | 8:31pm | Charles Gasparino

[expat_panama]

It’s fair to say the stock market is over its early jitters about a Donald Trump presidency. All major indices have risen to record levels for the first time in nearly 20 years, and the Dow Jones Industrial Average is up more than 800 points since Trump’s victory.

And what’s not to like — at least so far? As I pointed out on these pages both before and after Trump’s victory, the market’s initial reaction to a wild card like Trump was overwrought, and his free-market prescriptions were exactly what was missing from the eight years of Obamanomics — and stocks were bound to show their appreciation.

Now, with the GOP controlling the House as well as the Senate, traders see real economic growth...

...His promise to cut both corporate taxes and red tape will translate into higher corporate profits so businesses can expand and create jobs. Real unemployment can finally decline not because people are dropping out of the workforce but because they’re actually working again...

...As long as President Trump keeps his promises...

...Trump is backing away... ...to turn down the temperature on his trade-war rhetoric with China and Mexic...

...Trump should remember that what the markets give, they can easily take away...

...A trade war will likely lead to inflation — which is essentially a massive tax particularly on poor and working-class Americans. Trump should ask former president Jimmy Carter how that turned out for him.

But for now, look on the bright side: Tax cuts are in, regulations are out and the stock market loves what it’s hearing from the new president. The trickier part is figuring out how long this love affair will last...

[expat_panama]

The original article had a couple quotes from the Fake News Service, such as saying Trump backed off from his stand on so called "climate change", so I edited it down to 300 words that more or less made sense...

[ari-freedom]

He’s not going for a trade war. He’s not trying to turn the US into an autarky...these guys don’t understand what he is doing

[ConservativeMind]

It’s time for all countries who tariff or restrict our trade to be taxed.

[expat_panama]

Happy Morning everyone!   It's like we're all getting back to work to join the already busy futures traders who say the Trump stock rally's over, at least it's down a third of a % today in contrast to metals going up just over a %.  Then again this may not mean anything for the near future as stocks are already on the high side while gold/silver are coming back up from lows.

No econ stat announcements today but this week promises lots of action

A lot already going on w/ the FR tho:

• Americans Are Voting Again This Weekend
• UK Firms Show No Brexit Hit in Third Quarter as Investment Grows
• For some in middle class, Trump plan would mean tax increase (barf)
• Can Apprenticeship Programs Help In Making Donald Trump's Manufacturing Job Revival Plan Possible?
• The GOP’s Future Is as the Party of Industry

[flaglady47]

Charlie Gasparino was totally anti Trump for most of the election campaign. He has only jumped on board the Trump train now that Trump has won the whole enchilada. Took you long enough Charlie. Too bad for you that Trump has a long memory.

[expat_panama]

He’s not going for a trade war.

That's what I see w/ the official word at his dot-gov site.  No more "leave NAFTA" talk, it's all about 'renegotiating'.  

I get so relieved when I read that all my sphincters dilate...

[expat_panama]

Trump has a long memory.

It would feel good in a perverse way for that to be true but my take is Trump's an adult and he does business.  He's got no use for 'vindictive'.

[flaglady47]

“He’s got no use for ‘vindictive’.”

Oh, I don’t know. Trump is doing a pretty good head trip on Romney right now via his surrogates.

[ari-freedom]

Thing is, we have all these free trade deals where we try to be the good guys and they just walk all over us with all kinds of barriers and subsidies, some quite sophisticated.

Problem for Trump is that he doesn’t really explain in his stump speeches and the typical conservative websites (National Review, Weekly Standard, Heritage, Cato, etc) don’t understand what the problem is.

[spintreebob]

Trump is backing away

Trump ran on being a great negotiator. A great negotiator does a dance in which there are movements back and forth ... and sideways and up and down and circular. Trump is exactly what he said he is.

[spintreebob]

Trump uses vindictive as a tool of a skilled negotiator.

[Neidermeyer]

I didn’t read the article... here’s the truth

1.) Trump means there is a chance for companies to profit.
2.) This means that we MAY escape the printing press.
3.) Normalcy may return if we aren’t doomed by mathematics.
4.) Normal end-of-year window dressing ,, gotta pump up prices so we can look like we made gains.

[Lurkina.n.Learnin]

“all my sphincters dilate... “

LOL,I’m so happy for you.

[ConservativeMind]

“Mop in aisle 4.”

[bgill]

November 7th, we were warned the market would crash if Trump was elected.