The Brian Blog
#YoureHired: The Transition of Power & the Markets Jan 2017
The transition came, the power was transferred, and the Stock Market? Well, it kind of just rolled sideways.
True, it ended on a slightly higher note, and had some spikes throughout the day, but no Brexit effect like many had predicted; at least yet anyway.
True, it ended on a slightly higher note, and had some spikes throughout the day, but no Brexit effect like many had predicted; at least yet anyway.
The Trader's Almanac, a book I highly recommend to traders, predicted that the day would most likely be a bearish day. A rare miss, but altogether not a bad thing either.
So, are we out of the woods yet? Is there a bear in the woods? Perhaps... Or perhaps we'll have to wait and see what #POTUS Trump's first month in office looks like.
Of course, we can likely expect the main stream media to sling as much dirt towards Trump as they can muster up, given their track record. And Trump will likely fire back, given his track record. Interestingly enough, there seems to be a break in trust with the mainstream media, leading many to seek out additional news sources.
But really, can you blame them? I can't remember how many times I flipped from station to station hearing the same shpill about Trump saying this or doing that and then digging deeper to find it was blown out of proportion. And how many times did I hear Trump had no chance? Or that Trump was finished? The main stream media underestimated him at every turn, and that means they underestimated the voting public at every turn.
Only time will tell if these trends surrounding President #Trump will hold or not. Me? I'm going to keep a close eye on the markets over the next month. President Trump has potential, and a lot of it, to bring prosperity to the Country. Let's hope and pray he succeeds and proves the mainstream media wrong once again. After all, we all want a better place to live and grow.
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