Donald Trump Will Trash Obama’s No-Growth Orders

Donald Trump Will Trash Obama’s No-Growth Orders

Donald Trump Will “Trash” Obama’s No-Growth Orders

$DIA, $SPY, $QQQ, $VXX

The Trump Rally extends, US stocks finished higher Tuesday, with the DJIA hitting a record high close for the 4th session running as tech stocks rebounded from a post-election hammering and energy stocks were boosted by a sharp rise in Crude Oil prices.

Tuesday, Steve Forbes predicted a busy Inauguration Day for Donald Trump, saying he believes the US President Elect will reverse President Barack Hussein Obama’s “anti-growth executive orders” and make a push for deregulation.

“One of the things I think the President will do even on Inauguration Day itself is sign executive orders peeling away a lot of Obama’s anti-growth executive orders and having a real push for deregulation,” Mr. Forbes said.

“Remember when Ronald Reagan came in back in 1981, on Day 1 he took off price controls on oil and gas which critics said would lead to a huge increase in prices,” Forbes said. “It led to just the opposite. More supply, more reasonable prices and it contributed to the great boom of the 1980s. I think you will see Trump try to do the same thing from Day 1 on the deregulatory side of things.”

Forbes pushed back on President Obama, who defended his regulations Monday, saying that removing those regulations would be a mistake.

“And you look at the small businesses, they’re getting crushed by these rules and regulations,” Mr. Forbes said. “Many of them written in language which no one can interpret except a bureaucrat depending on his or her mood that day, and that hurts investment. If you get a push on deregulation, not punishing banks for making loans, I think you will see the credit markets start to revive.”

Tuesday, the US major stock market indexes finished at: DJIA +54.37 at 18923.06, NAS Comp +57.23 at 5275.62, S&P 500+16.19 at 2180.39

Volume: Trade was heavy with 1.16-B/shares exchanged on the NYSE

  • Russell 2000 +14.8% YTD
  • DJIA +8.6% YTD
  • S&P 500 +6.7% YTD
  • NAS Comp +5.4% YTD

15 November 2016

DIA 188.4 Bullish (0.41)

SPY  217.15 Neutral (0.23)

QQQ 116.23 Neutral

VXX Bearish

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH