The financial press doesn't encapsulate the thoughts of the market, obviously, but they do listen to chatter and it's interesting they don't mention the risks to equities of the Trump admin arbitrarily & illegally slashing fed gov't workforce, contracts, and grants. Wall Street still doesn't get it.
Comments
I keep waiting for the markets to react and... nothing.
Clueless? Delusional? Deep denial?
This goes way beyond short-term expectations and wishful thinking.
The large holders will mostly buy protective puts and keep some cash on hand for a buying spree once a correction happens.
With many apologies to Sinclair, you can't make a rich guy understand a thing his getting richer right now depends on him not understanding.