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7 signs the stock market is ready to run smack into a wall
Perhaps the biggest signal that the market may face an extended period of weakness is President Donald Trump. Not solely because of his recent rhetoric that Wall Street business leaders have found unpalatable, but because his campaign promises, including tax cuts and a boost to spending on roads, bridges and tunnels, look to be in jeopardy. Such pledges had been credited as a driving force behind market gains, along with relatively better corporate earnings reports and a stable economy.
Doubts about the president’s ability to follow through because of his stumbles in working with leaders inside of Washington and in the business community makes that pro-growth idea less likely, at least in the near term.
Perhaps the biggest signal that the market may face an extended period of weakness is President Donald Trump. Not solely because of his recent rhetoric that Wall Street business leaders have found unpalatable, but because his campaign promises, including tax cuts and a boost to spending on roads, bridges and tunnels, look to be in jeopardy. Such pledges had been credited as a driving force behind market gains, along with relatively better corporate earnings reports and a stable economy.
Doubts about the president’s ability to follow through because of his stumbles in working with leaders inside of Washington and in the business community makes that pro-growth idea less likely, at least in the near term.