The problem is debt and trillion dollar deficits as far as the eye can see.
How do deficits affect corporate profits in the next few years ahead or so? Could you please explain that for us?
Stocks really took off when Trump won in anticipation of the tax cuts and less regulation. I’m no expert, but it seems to me there was a big psychological component to this rise. Do the fundamentals of the underlying businesses making up the indexes support these stock prices? I’ve been wondering about that for a while. If not, at some point a drop would be inevitable. It seems to me it takes time for businesses to truly improve after years of slow growth under Obama, so the market probably got ahead of itself.
Maybe now that the tax cuts have been passed the anticipation is over and investors and companies are looking at the bottom line.