WILL TRUMP HIMSELF KILL THE “TRUMP RALLY” IN STOCKS THIS WEEK? $BAC $C $JPM $SCHW $ETFC $X $AKS $CLF
My interpretation from this chart going back 56 years is that Donald Trump’s criticism of the Federal Reserve will kill the “Trump rally.”
It’s not a question of “if,” but “when” and from “how high.” At a minimum, the foundation of the death of the Trump rally will be laid this Wednesday. The Dow Jones Industrial Average DJIA, has jumped 8% from Nov. 8 through Dec. 9.
What is so special about this coming Wednesday? On that day, the Fed will announce its interest-rate decision. The consensus is that the central bank will raise interest rates by 25 basis points and issue a dovish policy statement, meaning policy makers aren’t ready to take aggressive action to stem inflation.… Please click here or the title below to read more.
December 12, 2016