After news of a deal with the U.K. on tariffs and similar reports, the stock market (S&P 500 index) was up again today, continuing the upward trend that began back on April 21. Likewise, Rasmussen has Pres. Trump’s approval rating holding firm, continuing its unbroken streak for May of remaining in the green.
But the doom and gloom persists. From today’s New York Post,
Wall Street bonuses could drop as much as 20% because of Trump tariff turmoil
Why would that be? “Uncertainty,” the Post reports. Or as I would phrase it, “Fearing fear itself.” Wall Street bankers used to be made of sterner stuff. “Masters of the universe,” Tom Wolfe used to call them, back in the day.
In a similar vein rests this headline from The Hill newspaper,
GOP senators hope to avoid Trump agenda becoming a ‘train wreck’
Clicking on the article, the “train wreck” has nothing to do with “Trump’s agenda,” and everything to do with in ongoing inability of Republican Senators and congressman to get out of their own way on any item.
Buckle up, buttercup.
