I see lots of negative stories and reports about the US
government and US leadership, for weeks and months. But business confidence,
especially the US stock markets show positive stories, all-time high. Where is
the big disconnect coming from?
In this chart, data as of yesterday, US' DJIA vs Germany's DAX, last 3
months.
I check the headlines of BBC, CNN, NYT, etc., they hardly report this good news. High growth in the stock
market means high confidence in most companies listed there, which can be a
proxy for high confidence in the overall economic and business environment.
I think many
businessmen/women both in the US and abroad are clapping Mr. Trump's business policies, especially in energy. The US
has over-taken Saudi as the #1 oil producer. It has overtaken Russia as #1 gas
producer. The next question is if the US will become a #1 oil and gas exporter.
I remember when DJ reached 20,000 few months ago, many
anti-T guys were predicting a "crash very soon". Now I think they
will predict another round of "crash very soon." But that`s not what
US innovation and companies are headed to. They are generally going up.
See also:
US and China stockmarkets, huge divergence, June 20, 2017
Asia stockmarkets the past year, June 23, 2017
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