Market Players are Trying their Best
To turn a bad hand into a Cinderella ball. These attempts to:
- push stocks and commodities higher,
- unflatten the yield curve direction,
- push gold lower,
are at best short term attempts to push back reality.
The numbers are out there in black and white, the only real long term effect of the tax cut plan is greater deficits.
That doesn’t equate with a strong economy.
January 25th was the market high for this Macro Cycle.