The President, Donald Trump, is pumped! As Commander in Chief, he believes he possesses divine powers. He can will the stock market higher – and he knows it. For example, early Wednesday morning he blasted out the following Tweet:
"Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase."
Four minutes later, he sent out another Tweet:
"…if Congress gives us the massive tax cuts (and reform) I am asking for, those numbers will grow by leaps and bounds."
Who knows? Maybe President Trump is right.
These days even bad reforms – and just about everything else – are good for stocks. And what's good for stocks is good for everything. For instance, according to President Trump stock market gains reduce the national debt. He even said so this week.
President Trump's logic for how higher stock prices reduce the national debt was unclear. But it certainly sounds good to say. More importantly, it sounds bullish.