Says Don Luskin, chief investment officer at TrendMacro: “Trump’s plan has been up on his website for many months. There is nothing new about it at all. Everyone is acting as though he ‘finally’ laid out his ‘plan’ for ‘the economy.’ It’s been there in plain sight all along. It got a few tweaks yesterday, but there is no news here at all.”
Like Brexit: “It can’t happen! A catastrophe!” Trump can win, and markets are unprepared.
Three-in-a-row now – another jobs report that defies both expectations and evidence.
“Risk” has “diminished,” but “uncertainty” rules post-Brexit and pre-election. No hikes.