Sunday, December 30, 2018

end of year rollercoaster

The stock market is down one day then down some more then starts to bounce... could be the summary of '18. Jobs exist. Unemployment is low, so pain isn't abundant. Speculation abounds... the Fed hiking rates means market unease.
The first tax return checks from the tax cut have yet to cut, so I expect a stimulus for much of the country. 2020 Census will create jobs as well.
Nancy Pelosi being speaker again, will give Trump a foil. Trump had no one to attack aside from the media and cop killing illegal immigrants, so any economic malaise will be blamed on Pelosi.
Finalizing trade deals will linger. When they resolve... another stimulus will be unleashed.
Price of fuel has dropped drastically. The Middle East, Russia, and Venezuela aren't benefiting.
The price of gold hasn't gone up drastically like it did immediately after Brexit, so there's a certain stability in that we're nowhere near the economic climate of  its peaks in '11.