Market Analysts Believe President Trump Will Deliver on His Promises
$DIA, $SPY, $QQQ, $VXX
Savvy stock market watchers believe that US President Donald Trump will deliver on market-friendly policies.
President Trump’s plan to reduce government regulation, if implemented, could have a strong effect on stocks, meaning that the US stock market could add another 10% or so before we see any renewed caution signs.
Edward Yardini said, “It would be a mistake to bet against what President Trump might accomplish on the policy side,”
“I’m giving him the benefit of the doubt, hoping good policies get implemented and bad ones forgotten. We could get substantial tax cuts. All his proposals don’t need to be implemented for The Trump Rally to be validated,” he said.
“If you get $1 to 2-T coming back from overseas because of a lower tax on repatriated corporate earnings, that would be very powerful in terms of keeping the market up,” he said.
He went on to say, “I hope Trump’s protectionism is really more about moving from free trade to fair trade and bilateral agreements, rather than shutting off trade relations. But renegotiating everything on a bilateral basis can get dicey.”
The Big Q: Could anything cause a panic in the markets?
“A trade spat with China might. The Chinese would suffer a lot more. The US went from an administration of Community Organizers to one run by powerful business deal-makers. The Trump Team is not made up of professional politicians. But it is not out to destroy world trade, it is pro-growth,”
“The new administration is going to want to make deals. It is looking for weak points on the other side of the table and will press them. Trump changes his mind so much that it is pretty easy for him to say, “well, we got a better deal than I promised you,” and market it that way.”
I have said this before in the column, and I say it again, President DonaldTrump will be a demanding leader who applies the best of his negotiating skills to drive US growth, and protect our nation.
Make America Great Again and America First are not slogans, they are vows.
President Trump is not an ideological purist like Republicans who support free trade but do not fight for fair trade, For the past 8 years we have had an anti-business administration with Barack Hussein-Obama who did not take a pragmatic stance towards trade deals.
President Donald Trump is going to get better, fairer deals, and still promote free trade. And as our economy grows under President Trump, there will be a lot more money to spend. We will all benefit from that happening.
Monday, the US major stock market indexes finished flat to unchanged at: DJIA -19.04 at 20052.42, NAS Comp -3.21 at 5663.55, S&P 500 -4.86at 2292.56
Volume: Trade on the NYSE came in at 935.5-M/shares exchanged.
- NAS Comp +5.2% YTD
- S&P 500 +2.4% YTD
- DJIA +1.5% YTD
- Russell 2000 +0.7% YTD
|HeffX-LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
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|Bullish (0.28)||Bullish (0.30)||Bullish (0.35)||Neutral (0.19)|
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|Very Bullish (0.56)||Very Bullish (0.62)||Very Bullish (0.54)||Very Bullish (0.53)|
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