First we were told Mexico would pay for it before the project started. Then we were told they would pay for it later after it was built. Now we’re told that our government will be shut down if we, the American tax payers, don’t fund this ridiculous and counterproductive project.
I don’t tend to post political content on here often, but since this administration seems dead set on creating intractable political turmoil I believe some attention is warranted.
President Trump has, at least in the initial 6 months of his presidency, provided a positive catalyst for US equities. Whereas the underlying theme was deregulation, tax cuts, corporate favoritism (as if we needed much more of that) and a promise of infrastructure spending.
Thus far just about none of that has materialized in any meaningful way. In fact, I think it’s fair to say that the US equity, bond and global forex markets are beginning to realize this as volatility ratchets up.
I fear that President Trump has set the stage for a steep decline in equities due to the market disappointment of having his policies unrealized combined with the realization that in all likelihood he is unable to effectively execute his duties as President.
Full disclosure: Short NASDAQ 100.