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Senior Advisor

highest monthly trade deficit

in 14 years.

Which reminds me of the horrendous crime whereby DD would perpetually whipsaw the stock market with tweets about "the best deal ever."

When that failed he pressured the Fed into massive repos, then the Fed really did have to jump in head first when that house of cards crashed because of the imminent pandemic.

For anyone who actually believes in "markets"* you would know that the devil will need to be paid, but perhaps not on your watch if you're lucky.

Take care of the economy and the market will be fine in the long term. Don't eat your seed corn.

*some curious numbers out of USDA recently. The two times- well in the past- where I've observed that there appeared to be a bullish bias built into reports the numbers were in fact walked back over the course of subsequent quarters and years.