The Trump relief rally has pretty much evaporated everywhere. This is the homebuilders ETF right back at 2007 levels. Choose all data for full carnage.
It's the gift that keeps on giving those tiny bombs that President Money Bags planted. (Obama)
Sadly I think the Fed had no choice but to raise rates. Everyone seems to forget that Obama doubled the national debt. Flooding the market with money that people refused to spend because they didn't know what their liabilities were under him. And I must have said it a hundred times throughout the recession - some day people are going to un-bury that money in their back yards. Sentiment is EVERYTHING.
Trump provided the relief rally that made everyone feel comfortable enough to start unburying that money. But it just delayed the pain. No one knows what real and not real right now.
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