Fed action + tariff wars + anti-immigration policies, if only one, won’t be that bad. Three is too much for the economy to bear.
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Currently economic indicators are not bad though… yes, your above points might make it bad but so far economic indicators are good?
Remember stock market leads?
What puzzle me is I always thought stock market leads RE, it seems RE leads stock market.
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Midwest home sales are up. Those areas will reap the most benefit of the tax cuts.
Only the Midwest saw a gain, rising 6.9 percent, while the West declined 12 percent.
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Yield curve slope is positive though… so risk of recession should be low.
Maybe Nasdaq was overvalued especially the low/non profit making companies.
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Nasdaq today is almost where it was in early January.
All economic indicators are positive, but the fed keeps getting more and more aggressive with language about rate increases.
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Almost half of S&P 500 sales comes from foreign countries. So when Trump makes victory laps on how bad the Chinese economy has gotten, remember we also sell a lot of stuff there.
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The whole world’s market been down check year to date compare to our dow & s&p(-0.55% and -0.66%)
germany/england/swiss probably was doing trade amageddon with china then if according to your theory
There’s so much sign the market is softening earlier, one who don’t look at numbers and upcoming things to exit market will always find something to blame. Nothing go straight up this fast forever.
And note: interest rate and CD are 2-3%, 100% gain no risk.
and borrow cost more. harder for company to just keep buying back to inflate their own shit
YTD exports to China are $83.5B. That’s peanuts compared to the size of the overall US economy. We export 2x more to each Canada and Mexico than China.
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Exactly, We are not going to be correction/recession at this time.
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Today and 10/11 are the best days to buy good companies like MSFT, GOOGL, AMZN…etc
Exports number undercount the amount we make from China. Do the following count in the US-exports stat?
- Apple selling Chinese-made iPhones in China.
- Microsoft selling Windows license in Chinese made PC in China.
- Starbucks selling coffee in China
There are tons more examples like these. If, as Trump claimed and many on here believe, trade war caused Chinese economy to slow, how is it logical to conclude it has no impact on American firms’ earnings?
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Correct, this is what I am telling understand the market.
Many Hedge Funds, Mutual funds are pulling money from elsewhere in the world and invest in USA as they expect better returns by reduction in corp tax.
All international stocks are coming down and USA stocks are going up (except this market fall as this is temporary until US election).
Not as good as paid up the 4-5% 30-year mortgage 
Tagged.
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I have been telling similarly about TSLA, no one believed until today. Even now, people are skeptical on TSLA.
If people are not buying AMZN or GOOGL before tomorrow market close, the low prices won’t be there.
This is a clear indication that we are not in recession, but temporary effect by uncertainty of US Elections.
FB Looks really cheap at PE of 20. Lot of bad news lately but if good news start coming it can climb back up. Anybody loading up FB ?
Loaded up 180 so far. Not close to $50k yet.
I doubled my stake when the Cambridge Analytica news tanked it.