Correlation is not necessarily causation, but when the evidence keeps mounting so does credulity. And the cumulative evidence increasingly points to an unholy alliance between Donald Trump and the US Federal Reserve with the Fed succumbing to political pressure and delivering Donald Trump what he needs most: A soaring stock market to ward off political problems and to help ensure a 2020 re-election.

It all began in October of 2018. The S&P 500 had made new all time highs in September of 2018. The $DJIA made an all time new high in early October 2018. Things were going well. The US tax cuts rewarded corporations with massive tax benefits which many of them unleashed on US markets in the form of record buybacks and markets were soaring, US GDP growth was moving above 3% all was well.