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Trump and upcoming market moves… Will he be good for stocks?

Cory
January 20, 2017

Doc joins me today to address what we think Trump might be able to do in terms of growing the US economy and the reactions of equities. It will take time for Trump’s promises to take hold but will we go through a market correction before?

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Discussion
33 Comments
    CFS
    Jan 20, 2017 20:43 AM

    NY Nymex closed; we have ignition on gold. Wait for take off!

    CFS
    Jan 20, 2017 20:49 AM

    I see inflation coming:

    http://www.finviz.com/futures.ashx

    Jan 20, 2017 20:49 AM

    I noticed Doc stretched out the time factor for a fall in the conventionals. A couple days ago he gave the impression he was looking for it to happen shortly, within weeks. Am I wrong/

      Jan 20, 2017 20:32 PM

      Silver; I believe we’ll correct down and soon but it won’t be a huge correction unless the long term charts start to show it. The odds for a harder correction would come later. Right now the long term charts don’t look perilous (yet) for the conventional markets.

      Jan 20, 2017 20:30 PM

      S&P briefly hit a new higher high so it looks like it is headed to 2300 at least and we will see what happens at that level.

    CFS
    Jan 20, 2017 20:59 AM

    Rotation?

    There is movement into some shipping stocks today.
    e.g. SBLK, GLBS…… I don’t know why.

      Jan 20, 2017 20:33 PM

      CFS; correct—I’ve been taking a rather large position in the shipping stocks over the last few weeks.

        Jan 20, 2017 20:13 PM

        Doc is moving the markets again 🙂

          Jan 20, 2017 20:48 PM

          Gotta watch the Doc – He’s a player….and a mover and a shaker…..

        CFS
        Jan 20, 2017 20:01 PM

        I, too, have been adding, but not your favorite stock. I have been adding on the basis of P/B, P/E ratios and dividends. I don’t have your TA skills, but stick to fundamentals. So I own CMRE, FRO, NAP, EURN, GMLP and some other smaller holdings.

          Jan 20, 2017 20:15 PM

          Norway is always good. Buy anything with Nordic in the title 🙂

    b
    Jan 20, 2017 20:18 PM

    Your right Doc, private investment could repair roads for example, they will just be toll roads.
    In BC the Coquihalla was a toll road until it was paid for.
    1986 cost was 850 million.

    Jan 20, 2017 20:06 PM

    This plan sounds like the corporate elites are planning an even bigger coup d’é·tat and theft than the 2008 scam they played on citizens.
    Here in Ontario, we spent over 1.7+ billion tax dollars and several years of planning for the 407 highway, only to have it gifted (just for 3.1 billion CND)to foreign private interests by a gang of neoliberal politicians in the late 1990’s. This is not a way to property just a clear path to neofeudalism. Lets hope this sort of corporate theft doesn’t leak into Trumpz “make America great again” scheme. Some how I doubt it.

    Jan 20, 2017 20:12 PM

    Doc,
    if you want to know what they are planning I suggest reading
    James Meek’s : Private Island: Why Britain Now Belongs to Someone Else
    Yanis Varoufakis has also written extensively about it.

      CFS
      Jan 20, 2017 20:33 PM

      As far as the UK is concerned that group of countries is killed by its socialist multi-cultural policies; it will never be great again…….just a question of how fast it dies.
      Killed by EU rules and immigration, walking dead.

        Jan 20, 2017 20:08 PM

        The islamification of the UK and of Europe is something that should deeply disturb all non-muslim peoples all around the world. It is truly shocking what has gone on.

        But I see the same happening in Canada and Oz. The US seems to be going doewn the same road – you are just a few years behind the UK.

    Jan 20, 2017 20:30 PM

    A short clip for entertanment purpose…..Have a laught. plus a prize for correctly quessing the sex of this human………
    http://www.zerohedge.com/news/2017-01-20/anti-trump-protester-reacts-donald-trump-sworn-president

      Jan 20, 2017 20:12 PM

      On several BBC radio and TV channels this morning they were promoting – the BBC is no longer an unbiased news organisation IMPO – a Womens’ rights group who were going to stage protests all over the UK against Trump.

      They intended to target the US embassy with thousands of women at 11AM GMT.

      So a friend of mine went for a jog around there at 11AM and… no women protestors in sight… Just him and a police car that eventually left before my friend jogged home.

      The Breibart London website has a story showing the protests across the UK – photos of TINY groups of people on bridges around the UK.

      Basically a very small but very vocal group of anti Trump people promoted way beyond their reach by the biased BBC IMPO.

    Jan 20, 2017 20:43 PM

    COT disaggregated commercial future report for the past week—a small net increase in the shorts versus longs for silver and gold

    Jan 20, 2017 20:15 PM

    The US has to do something, what was happening before Trump wasn’t working and he simply can’t be any worse than his predecessors but he certainly can be a lot better. The idea of American freedom is great but without a working economic plan our freedoms which have been diminishing will completely go away. If America is to be great again they must maintain freedom for their citizens. DT

    Jan 20, 2017 20:17 PM

    Well, I am rather hoping for a nice sell-off on Monday.

    But I do wonder whether the markets will give Trump 2 or 3 months benefit of the doubt whilst he puts his plans to Congress, haggles for the money to do stuff, etf?

      Jan 20, 2017 20:27 PM

      The hagglers won’t be acknowledged in a Trump administration, he bypasses those he can’t dismiss and with a Republican majority in both houses he will get his way. DT

    Jan 20, 2017 20:18 PM

    etf = etc.

      Jan 20, 2017 20:55 PM

      Glad you clarified that. For a moment I thought there was a Stuff ETF and wanted in.

        Jan 22, 2017 22:49 PM

        LOL

    Jan 20, 2017 20:53 PM

    I see inflation coming too CFS its just a matter of when.

      Jan 20, 2017 20:58 PM

      Agreed. I’m trying to corner the markets on AA batteries, Whiskey, and Toilet Paper in preparation of the coming inflation, as they will be the new currency. 😮

    Jan 20, 2017 20:02 PM

    Gold and Uranium Miner Update as the Trump Era Begins
    Friday January 20, 2017 – David Erfle

    http://www.kitco.com/commentaries/2017-01-20/Gold-and-Uranium-Miner-Update-as-the-Trump-Era-Begins.html

    Jan 20, 2017 20:01 PM

    Haha Excelsior. What type of whiskey? Maybe you could use greenbacks as toilet paper?

      Jan 21, 2017 21:09 AM

      On December 29, 2015 at 7:45 pm,
      Excelsior says:

      I do enjoy Whiskey, Irish Whiskey, Bourbon, and Scotch……..

      *I’m bullish on:

      Noah’s Mill, Jefferson’s Small Batch, Rowan’s Creek, Blanton’s Single Barrel 93, High West Campfire, High West 16 year Rocky Mountain Rye, Angel’s Envy 86, Bowan’s Brothers Small Batch, Eagles Rare 17, James E Pepper 1776 15 year Rye and 15 year Bourbon, Woodford Double Oak, Willett Pot Still Reserve, Four Roses Small Batch, Makers Mark 46, Bulleit Rye and Bulleit Bourbon 10 year, Resevoir Rye, Hudson River Manhattan Rye, Bushmills 21, Bushmills Black Bush, Red Breast, Michael Collins, GlenLivet Nadurra 16 Year, GlenLivet 15 year, Glenfiddich 18 year, Glenmorangie LaSanta Sherry Wood, Glenmorangie Quinta Ruban Port Wood, Macallan 18 year, Johnnie Walker Blue, Laphroaig Quarter Cask, and Kavalan.

      *These trade in a range for me but I’m constructive on:

      Knob Creek, Makers Mark, High West American Prairie, High West Bourye, Woodford Reserve, Old Forester 1870, Old Pogue, Buffalo Trace, Ezra Brooks Single Barrel, Ridgemont Reserve, Four Roses Single Barrel, Elijah Craig 12 year, Gentleman Jack, Jameson, Wellers Special Reserve, Leviathan, Chivas 12, GlenLivet 18 year and 12 year, Glenfiddich 15 year, and Glenmorangie The Original.

      *I am currently bearish on:

      Old Crow, Old Forester, Old Grandad, Fighting Cock, Lexington, Jim Beam, Canadian Club, Wisers, and Cutty Sark.

    Jan 21, 2017 21:23 PM

    WOW that is an extensive list. You are quite the liquor connoisseur. May I suggest Jack Daniels single barrel silver select, Booker Noes Barrel Bourbon and Jim Beam Signature Craft 12yr.

    That Bushmills 21 is a fine Irish Whiskey.

      Jan 21, 2017 21:39 PM

      +21 Thanks for those ideas to explore Ozibatla. Have a great weekend! 😉