Quote:
Originally Posted by TeflonDawg
I was just talking about this today. The market is a lock to keep climbing, at minimum, through the 2020 election is it not? Trump will manipulate it as best he can until then for obvious reasons.
i dont think having a macro opinion hinges on trump anymore. he talked his book, so to speak, on the tax cuts and the trade war. the easing of trade war tensions has been bought up since the first week of october. he can't really talk it up any more.
to me it's a) does fed continue this repo market QE b) FOMC future rate policy adjustment c) economic data. i dont think there's any big "gotcha" moment unless powell gets off his uberdove phase. frankly i think you can point more to powell than china if you were trying to explain the december 2018 crash. thus it's fair to argue that he alone has the power to rock the boat at this point.