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Tuesday, September 21, 2021
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US Economy: “If it Ain’t Broke, Don’t Fix It”

#economy

$DIA $SPY $QQQ $RUTX $VXX

“The Bulls are in charge of the market and President Trump’s (45) policies are driving the strong economic recovery”— Paul Ebeling

Mr. Biden’s misguided notions to step in on this strong recovering economy are unnecessary and could be very damaging, that according to Trump White House economic adviser Larry Kudlow.

If it ain’t broke, don’t fix it,” Mr. Kudlow said Sunday.

Infrastructure bills, corporate tax increases, the Green New Deal, do not make any sense to me,” Kudlow said. “The economy is a terrific story.

“Just let it roll, and the stock market will keep going higher.

Mr. Biden should “just leave things alone” and keep the economic policies President Trump employed the past 4 yrs.

We are in a boom: It could last a good long time if Biden would just leave things alone,” Mr. Kudlow said.

Here’s what we don’t need: We don’t need major tax increases; we don’t need giant regulatory increases; we don’t need to destroy fossil fuels; we don’t need to become non-competitive worldwide again.

Many of us fear Mr. Biden plans would be a wet blanket on this hot market and economy.

Last Friday, the benchmark US stock market indexes finished at: DJIA +164.68 at 34200.67, NAS Comp +13.58 at 14052.37, S&P 500 +15.05 at 4185.47

Volume: Trade on the NYSE came in at 1.2-B/shares exchanged

HeffX-LTN’s overall technical outlook for the major US stock market indexes is Very Bullish in here.

  • Russell 2000 +14.6% YTD
  • DJIA +11.7% YTD
  • S&P 500 +11.4% YTD
  • NAS Comp +9.0% YTD

Looking Ahead: There is no economic data of note on the calendar till Wednesday.

Have a healthy week, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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