President Trump Can Revive the Economy that Socialist Obama Killed
$DIA, $SPY, $QQQ, $VXX
Thursday, Sam Zell said President Donald Trump has an “extraordinary opportunity” to revive an economy that died under 8 years of regulatory oppression under Barack Hussein Obama.
“I think we’ve had 8 years of kind of an anti-business administration with very little representation from the business community,” Mr. Zell said in a market interview.
Mr. Zell did not like President Hussein Obama’s nearly $1-T stimulus plan back in Y 2009.
“I think President Trump has a similar stimulus opportunity but without the debt because he can achieve that goal by deregulation,” Mr. Zell said.
Chicago’s billionaire RE investor called Mr. Hussein Obama’s $787-B American Recovery and Reinvestment Act of 2009 a “half-assedd stimulus bill.”
President Donald Trump has given Main Street and Wall Street “Hope and Optimism” on the economy, Mr. Zell said.
President Trump could repeal enough regulations to give a $1-T boost to the economy, and I am more optimistic today than he was before the election, he said. Deregulation can “achieve the same objective and really create stimulus and spend no money.”
Meanwhile, Morgan Stanley predicts there is a 25% chance that a recession will occur over the coming year under President Trump, down from 40% in a July 2016 prediction under former president Barack Hussein Obama.
“A stronger global backdrop and the delayed promise of tax reform have lowered this assessment from 30% previously,” a Morgan Stanley economist wrote in a note to clients Thursday.
For its part, the Fed has downplayed weak Q-1 economic growth while emphasizing the strength of the labor market, in a sign it was still on track for 2 more rate hikes yet this year, likely not I think.
In a Bullish statement following the end of its 13-14 May policy meeting, the Fed said consumer spending continued to be solid, business investment had firmed and inflation has been “running close” to its target.
The CBOE Volatility Index (VIX) 10.53, 0.32, +3.1% signaled some increased caution, closing above the 10.00 mark for the 1st time this week, still it is at 24 year lows
Thursday, the US major stock market indexes finished at: DJIA -23.69 at 20919.42, NAS Comp -13.18 at 6115.95, S&P 500-5.19 at 2394.44
Volume: Trade on the NYSE came in heavy with 1.01-B/shares exchanging hands.
- NAS Comp +13.6% YTD
- S&P 500 +7.0% YTD
- DJIA +5.9% YTD
- Russell 2000 +2.4% YTD
|HeffX-LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
|Neutral (0.22)||Neutral (0.14)||Neutral (0.17)||Bullish (0.35)|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Neutral (0.13)||Neutral (-0.05)||Neutral (0.19)||Bullish (0.25)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Bullish (0.25)||Neutral (0.08)||Bullish (0.42)||Bullish (0.25)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Bearish (-0.27)||Neutral (-0.15)||Bearish (-0.29)||Bearish (-0.38)|
Latest posts by Paul Ebeling (see all)
- UAE Weather Update: Strong Winds, Dust Storms Expected Across the Country - February 27, 2020
- Exploring the United Kingdom - February 27, 2020
- Gold Marks a 2nd Straight Session Loss in a “Corrective Pullback” - February 27, 2020