Love him or hate him, Trump was undeniably an unconventional candidate for President and he promises to be an unconventional President. Unlike many in Washington, he doesn’t seem concerned with poll testing everything that he says. He speaks….err tweets his mind.
Supporters view that as a refreshing change, while critics consider it a cavalier approach to governing.
What about markets?
Before Trump has even taken office, he’s had a major impact on markets. As you know, stocks have rallied strongly on the prospect of faster growth, lower taxes, and less onerous regulation, but Trump has also moved smaller markets—like the market for shares of Boeing and Lockheed Martin.
Trump temporarily spiked shares of both companies with critical comments about the costs of the new Air Force One and the F-35 contracts. Yesterday, a tweet about the U.S. needing to strengthen and expand its nuclear capability caused shares of uranium producers to pop.
The hyperventilating mainstream media of course freaks out because they take everything Trump tweets at face value. Forgetting, one must assume, that Trump wasn’t elected King, he was elected President of a country where much of the governing power resides (or is supposed to) with 535 elected Representatives and Senators.
With a mainstream media that can’t seem to differentiate the Trump tweet storms that matter from those that don’t, savvy investors must seek out off-the-beaten path insight and analysis of policy and how it impacts markets.
Our goal is to be that source for you. We cover some of the implications of policy here, but much of our actionable advice can be accessed via a managed account at Richard C. Young & Co., Ltd, or via subscription to Intelligence Report.
Jeremy Jones, CFA
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