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The market is forecasting a Donald Trump victory
Yahoo / Finance
Joe Fahmy
10/1/2016
Excerpt:
My job is to interpret what I see in the stock market and the market is forecasting a Donald Trump victory. That is one of the reasons why the market has been strong and will continue to be strong. Contrary to what you hear from almost everyone in the media, the market will NOT crash if Trump wins, and the market will NOT decline sharply if he does well in the upcoming debates and surges in the polls. Please stop being brainwashed by the mainstream media.
1) Trump will win Ohio, Florida and Pennsylvania and it’s game over! My reasoning is the INCREDIBLE number of people who are quietly supporting Trump but can’t voice their opinion. It is politically incorrect to publicly admit that you are supporting Trump. If you do so, you are instantly chastised and even viewed as a racist. The interesting thing is that many Trump supporters don’t agree with what he says; they simply think he will be better for business.
For example, Carl Icahn recently said (and I’m paraphrasing): Do I agree with everything he says? Of course not. Do I think he says stupid things at times? Of course. But I don’t care about all that. I care about the economy and Trump will be better for business than Hillary.
In other words, many of Trump’s supporters are focused on the more important issues instead of obsessing over every foolish off the cuff remark.
2) The stock market started a new bull market in July of 2016. The technicals are incredibly strong and the sentiment forecast is partly miserable with a chance of a crash. The thought of a 1994-95 repeat scenario for the markets (see chart) BLOWS people’s minds away.
Why? Mainly because valuations do not support such a move. But think about this: What if Trump is actually successful in implementing ideas that are favorable for business and growth? GDP is currently running around +1.3% this year. Trump is projecting +4% growth, which I think is too aggressive.
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View the complete article, including images, at:
https://www.yahoo.com/finance/news/t...213426531.html
Yahoo / Finance
Joe Fahmy
10/1/2016
Excerpt:
My job is to interpret what I see in the stock market and the market is forecasting a Donald Trump victory. That is one of the reasons why the market has been strong and will continue to be strong. Contrary to what you hear from almost everyone in the media, the market will NOT crash if Trump wins, and the market will NOT decline sharply if he does well in the upcoming debates and surges in the polls. Please stop being brainwashed by the mainstream media.
1) Trump will win Ohio, Florida and Pennsylvania and it’s game over! My reasoning is the INCREDIBLE number of people who are quietly supporting Trump but can’t voice their opinion. It is politically incorrect to publicly admit that you are supporting Trump. If you do so, you are instantly chastised and even viewed as a racist. The interesting thing is that many Trump supporters don’t agree with what he says; they simply think he will be better for business.
For example, Carl Icahn recently said (and I’m paraphrasing): Do I agree with everything he says? Of course not. Do I think he says stupid things at times? Of course. But I don’t care about all that. I care about the economy and Trump will be better for business than Hillary.
In other words, many of Trump’s supporters are focused on the more important issues instead of obsessing over every foolish off the cuff remark.
2) The stock market started a new bull market in July of 2016. The technicals are incredibly strong and the sentiment forecast is partly miserable with a chance of a crash. The thought of a 1994-95 repeat scenario for the markets (see chart) BLOWS people’s minds away.
Why? Mainly because valuations do not support such a move. But think about this: What if Trump is actually successful in implementing ideas that are favorable for business and growth? GDP is currently running around +1.3% this year. Trump is projecting +4% growth, which I think is too aggressive.
................................................
View the complete article, including images, at:
https://www.yahoo.com/finance/news/t...213426531.html