I don't even know what to say about this one?--5/25/2017
I was in my car at precisely 3:05 pm today listening to an "expert" on a financial news network. He was talking about our current market and what he said left me so utterly dumbfounded that I was stunned, but then I realized exactly what is happening in the market.
This gentleman said something to the effect of, 'Investors keep looking past the President's latest tweet, the latest news on Russia, and the latest protest. Instead, they are focused on, I guess, fundamentals.'
This market "expert" thinks that, maybe, investors are focused on the the most important aspect of the market; FUNDAMENTALS. Hmmm. Ya think?!?!?!?
For a moment, I was taken aback. But then it hit me, that is exactly right...most people are totally clueless as to what the underlying fundamentals of the market are. Why? Because all the news outlets cover one thing and only one thing, Trump.
Most people have no idea that earnings for S&P 500 companies have been booming.
Most people may not be fully aware that the Fed has been raising rates and have been discussing their plan to unwind their balance sheet. And, for sure, they haven't taken the next step and considered WHY the Fed might be doing that. And why is the Fed taking these actions; the economy is strong enough the handle it.
And, given this, do most people realize how strong the international markets have been? I doubt it.
The reason for their ignorance of these fact is that their trusted news outlets are pumping Trump down their throats, essentially, 100% of the time.
It is frustrating, but it does open up HUGE opportunities.