Dow Jones Update, Ironic, Hope is Trump’s governing word, not Obama’s
As the scenario that started in January 2018 continues to unfold, Hope on the part of Trump believers has been the dominant word on the economic front. That hope is dominated by stock market positions fueled by stock buybacks.
To keep it going, the Trump crowd is forcing interest rates down to keep things alive. This may continue for some more time, maybe the only thing that will stop it is when there is no more corporate equity to keep the buybacks going, in effect an empty balloon.