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You just knew it had to happen. After Larry “three times married” Kudlow went on his cocaine-induced rant in front of the White House about how awesome the economy was – – you just KNEW it was destined that he would look like the complete asshole that we all know he is. And, voila:
Ya know, it’s just odd to me. Because ever since Mnuchin ordered his minions at the federal government to start propping up the stock market with everything in their arsenal, our friends in Gainesville have been steadfastly pounding the table about how the entire equity market was going to collapse. Month………..
I’ve not much to say, other than I think that U.S. equities and bonds will continue to outperform the rest of the world markets (especially since the Mueller investigation is now closed, as AG Barr emphatically stated in his testimony before the Senate Judiciary Committee this past week)…that the slow melt-up continues, punctuated, periodically, by episodes of consolidation and minor pullbacks…watch for a strong U.S. dollar to support this. And, I doubt very much if the Fed cuts rates any time soon, as President Trump has suggested…not with the strong economy firing on all cylinders.
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