flechero wrote:So Yes, it's mainly Trump as the engine.
And there is an example of buying the hype that ignores the past and plenty of facts in the process. It's not just the market that's fickle, but trump himself. In August of 2016 trump was attacking the second longest bull market in history. It was a market that was enjoying a 227% increase since it's low after the election in 2008. He said the long multi-year increase was a bubble, that he didn't believe in the market too much and cautioned others against investing in the market.
Donald Trump on the stock market: 'It's all a big bubble' Aug 2016
https://www.cnbc.com/2016/08/09/donald- ... ubble.html
Compare that with a year later:
Trump thought stocks were 'a big bubble' last year. Not anymore
https://www.cnbc.com/2017/08/03/last-ye ... ymore.html
In 2016 trump was quick to attack the market, the Fed and chair Janet Yellin... what changed in a year? Nothing except trumps ability to personally profit from the same people and policies a year later. Now with a new trump advisor in place the market experiences a serious stumble. Do I blame trump for this exclusively? Nope... but at least have the intellectual honesty to recognize that if you (and trump) say trump is the economic engine you claim him to be, you have to be prepared to take responsibility for the bad along with the good. Do I expect trump to have that kind of honesty? Of course not, since he seems to lack any sort of honesty about even the smallest things which can be objectively proven... and someone who can't be honest about even the smallest things should be watched closely when he makes claims about the big things.