Futures are flat. No really. No 300 points to the upside or 500 points to the downside.
We are not as thrilled as some with the latest jack to the upside. but we recognize Powell got some things going on this week and the great socialist President Trump jawboning Powell for not only lowering rates by a whole point but wants more printing of money. The president used to rail against Bernanke and Obama for their easy money. My how things change once in power.
Ok…socialist Gary? You are calling the president a socialist? Well,…giving away $28 billion of our tax dollars to farmers because of tariffs is socialism. Raising federal spending on 2 budgets by $600 billion is socialism. Running $1 trillion yearly deficits is socialism. Of course, there are levels of socialism…and this president is nowhere near the nightmares of Sanders and Warren but nevertheless, we expected much better. Hopefully he sees the error of his ways but so far, nothing doing.
Taking our time here.