Why are Trump supporters celebrating the market shifts?
A lot of Trump supporters have heard that the market is booming as a result of his electoral victory and they are cheering that but...When you actually look at the market - you see two disturbing trends.
1) The dollar is rising against other currencies - This does the opposite of what most Trump supporters say they want - it makes it easier and cheaper to outsource to places like India, China and Mexico.
2) The bond yield rose - A lot of the rise in the market is due to people moving to bonds and the bond yields are rising which usually means inflation is coming. Again this is the opposite of what the Trump supporters
Look at this Trump surrogate talk about the market - do people just not get it?
These market changes point to shifts that work against the very people that support Trump.
posted by maverick @ 11:00 AM
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