Both Obama and Bush couldn’t give two shits about the stock market. Bush was focused on colonizing the middle east and Obama was fixated on having mentally ill transgenders urinate in the ladies restroom — standing up.
But now we have a shit-poster in chief, very vain and ideally focused on how the public perceives him. Being a man of business, he’s singularly interested in what the media has to say about him, and more importantly, the stock market.
He tweeted this out this morning.
Great optimism for future of U.S. business, AND JOBS, with the DOW having an 11th straight record close. Big tax & regulation cuts coming!
— Donald J. Trump (@realDonaldTrump) February 25, 2017
Just last week, in a CNBC interview, Sec. Mnuchin said ‘we’re in a mark to market business’ and the bullish tone and tenor of the stock market was a reflection of the administration’s progress.
“There’s a lot of confidence in the Trump administration and in the desire to invest in the U.S.,” he told CNBC in an exclusive interview Thursday. “This is a very competitive place to do business. We’ve got great companies, and you see that reflected in the markets.”
Bullish or bearish on the stock market, these are significant developments in the market narrative — evidence of the Trump administration’s intent to bid this market up throughout his term.
It has never been harder to be a bear.
Content originally generated at iBankCoin.com