Trumponomics is heavily focused on a jobs revival AND trade adjustment through a Border Adjustable Tax (BAT). Here is some very timely insight into the latest policy thinking. “My associate

Why everyone has become economically uneasy   In 2008 the Fed created $29 Trillion debt, or around 9 years of total tax revenues.   It matters little that Dow Jones

“within a few years the world’s monetary authorities who are tasked with “financial stability”, will have acquired a majority of the world’s equity tranche, effectively nationalizing it.“   A narrowing

S&P 500 Throws Away The Earnings Connection   Total Tax Receipts Send A Message Last Seen In 2008   The Message Complicates Trump’s Growth Strategy   Junk Bonds Throw Away

The 3000 biggest US companies have never been more leveraged. Just this fact alone should concern most investors, but, as we have shown in previous notes, its much worse than

The great problem with Trump’s trade policy is that it conflicts with his 4% growth target. Just on its own the 4% growth target will be challenging enough, as discussed

Junk Bonds 2 Year Negative Divergence Signal. Echoes of 2000 and 2007.   Trump post election rally breaks the records. Echoes 2000   Trump Record Euphoria and Advisors Hugely Allocate

  The chart above shows very clearly stock market behavior that has never happened before.  Dow Most Overbought in 20 years   “single most extreme syndrome of “overvalued, overbought, overbullish”

The relationship between stocks and bonds has reached a triple major historic inflection point.   7 reasons for a new paradigm – Reason 1: Inflation At A Quadruple Inflection Point?

US Equities – Divergence Everywhere Record levels of bullishness A lower high in new highs versus new lows   Volume not confirming either   Not long before higher bond yields