I observe market sentiment is not where it was, but we called for an advance of gargantuan proportions, if Trump won in 2016. Now we need to see progress quantified, so as to get to where the nation needs to be, which is growth and stability, writes Gene Inger Tuesday.
Bits and bytes: That’s also true in a number of sectors, starting with bifurcation of patterns technically and of course the over-concentration in a number of sectors.
I observed risk/reward primarily as an example, when I suggested selling Netflix (NFLX) over $400 and buying AT&T (T) around $30.
That actually worked so far but the main point was lightening-up on excess and buying value.
Reuters: S&P 500 climbs to 5-month high Wednesday as financials and industrials rise.
And Tuesday, as suspected for several sessions, little Orlando-based LightPath (LPTH) broke-out a bit. It’s not a big price move, but just enough technically to conform to the chart pattern I was talking about.
In-sum: As far as Trump’s foreign policy, perhaps it can be summed up as a demand for symmetry from all partners and allies, and tit-for-tat replies to adversaries or would-be enemies.
Did Trump have to be impolite often to a slew of hosts, or generally unenlightened about diplomatic protocol, hence basically crude in his effort to stir things up with his actually decent goals?
Of course, he didn’t have to be so tactless or uninformed, unless creating an intentional diversion.
But the goal is to bring America back to relative prosperity for the working and middle class, not just those who profit on multinational trade, essentially by reciprocity.
That’s likely distinct from the Russian Summit effort, though he may have mostly focused on it even if he played golf the day before, as if detached. (Was he really?)
