I wanted to point out something to some who want think that Trump has upgraded U.S. economic activity out of thin air. Things are going well but the U.S. economy doesn't go up in a vacuum. When the rest of the world's economies participate, it's much easier and more likely for the U.S. GDP to go up and fpr our overall economy to do better. Trump and the Repubs have two things working for them on the economy. They have sold their souls (roll back safety, environmental and consumer protection regulations) for the economy and the world's economies are finally looking up. The following table shows that world economies are finally kicking in and doing better after the Great Recession (U.S./World). World economies have not been doing real well for most of the time that the U.S. economy tried to recover under BO. I realize that the focus here is on emerging markets but still it's an indicator of economic trends outside of the U.S.
"We've seen a resurgence of global earnings in 2017 with the S&P 500, emerging markets and developed markets all positive ... [that's the first time it's happened] since 2010," he said Thursday on CNBC's "Trading Nation."
This is the most important chart for the market in the year ahead, a top technician says
https://www.cnbc.com/2017/12/29/tec...ost-important-chart-for-market-next-year.html
"We've seen a resurgence of global earnings in 2017 with the S&P 500, emerging markets and developed markets all positive ... [that's the first time it's happened] since 2010," he said Thursday on CNBC's "Trading Nation."
This is the most important chart for the market in the year ahead, a top technician says
https://www.cnbc.com/2017/12/29/tec...ost-important-chart-for-market-next-year.html