I can find anecdotal evidence that the rally and economy will continue to roar. Employment, wages, hiring, capital spending…If you looks at the likes of Apple and Facebook and the general indices you would think that the world was all roses.
Should we ask the same of Sears, Macy’s and the other brick and morters?
The same dichotomy can be seen in economists, some focus on the anecdotal evidence that we are a train slowing to a crawl. Other see the trump rally and his promises of spending and lower regulation as a catalyst that the rally and economy is sound.
Who’s right and who’s wrong?
My study of finance has always shown that patterns tend to repeat themselves. Can this time be different? I guess I’m too scared to risk my money to find out.