This is especially true if you are an airline or hotel employee that is about to be laid off as a result of a coronavirus lapse in demand. OK Kort, what would inspire confidence? —Tell the truth. Don’t speculate about when a vaccine might be available or make statements about how quickly testing will be…
Tag: Donald Trump
Impeachment: Precursor and Aftermath
Introduction In this discussion the potential market impact of the run-up to an impeachment proceeding and the impact of an impeachment trial and removal from office of president Trump, I will do my best to keep it apolitical and factual. I will be speculating about possible outcomes and their impact on the market and the economy. I…
“Ladies and gentlemen we have a ‘Black Swan'” — Revisited
Election 2016 a major negative surprise for investors? Initially, I thought it would be. Early the morning of the day after I posted, Ladies and gentlemen we have a Black Swan (11/9/2016). I mean based on the polling, which turned out to be dead wrong, there looked to be little chance that we’d ever see…
File this one under, “You Have To Be Kidding Me!”
The Dow Jones Industrial Average declined 162.77 points today. Because the financial media feels compelled to explain every jiggle in the market the folks at CNBC proclaimed the “Dow drops more than 150 points after Fed’s Powell dashes rate cut hopes.” They went on to say that on one word uttered by Chairman Powell when talking…
“If I ever got impeached, I think the market would crash, … ” –Donald J. Trump
For starters this is not a political post (despite the title). This is a factual post. For kortsessions followers this will not be new news, but I think a refresher may be in order. The reasons are two-fold: the media is beginning to chirp about the market being affected by the president’s deepening legal woes…
Happy Monday! — March 19, 2018
I woke up this morning and was confronted with the following headlines (and explanations of the headlines) from the Pollyanas that run CNBC’s website, CNBC.com: “Dow falls 100 points after Trump’s Twitter meltdown” “Dollar consolidates gains before Fed Meeting” “US Treasury yield rise ahead of Fed meeting, 2-year rate hits 2008 high (2.32%)“ “Gold hits two-week low…
This market has never been about Donald Trump!
I have said this repeatedly in past kortsessions.com posts. What the strong market has been about is a growing economy (albeit not fast enough for some folks), low inflation, low interest rates, accelerating corporate earnings growth and a world-wide, synchronized economic recovery … oh, yes, for better or for worse, reduced regulation … something…
“Mnuchin: Pass tax reform or markets will tank”
Well, Secretary of the Treasury Mnuchin didn’t actually say it this way. The above title was the work of a headline writer at CNBC. And, as usual ,was designed to reel you into their web with the negative and the sensational. What he did say was, “There is no question that the rally in the…
Gridlock is Good!
Gridlock is good because when Congress is tied up in knots they can’t do anything to hurt us. This idea has been verified by the market many times over the past 25 years. The Clinton Administration 1993-2001 Mr. and Mrs. Clinton got off to a rocky start, even with a Democratic Congress in place the first two…
2016–Parting Thoughts + Trump vs. Coolidge
As we approach the end of 2016, we’ve seen another year of record highs for the market and continued questions on the part of many as to why this is happening. With each passing day there continued to be warnings from the media and pundits that the market was on the verge of a…