I wouldn‘t bet a single penny against that. Since Trump sees the stock market as his only arbiter it would make perfect He is absolutely addicted to stocks, much more than any other pres before him.
For the great american people I personally hope that we see the day when Trump and his whhole cleptocratic mob gets imprisoned.
He will manipulate the next election. That‘s for sure.
If Trump Inc is smart they, 4 layers deep in shell companies, or their friends, would be trading ES. Get short, have Donald tweet tariffs, Cha ching. Get long, have Donald tweet trade deal soon, Cha ching. I would be stunned if this isn't what is happening.
All Ords 5-day chart
A yo-yo day for All Ords with the index closing +0.4%. Healthcare +1.7% was the leading sector followed by IT +1.5%.
Small moves in Asia: China +0.4%, Hong Kong +0.1%, Japan -0.3%, India currently +0.2%.
UK/Europe upwardly mobile at open: FTSE +0.4%, DAX +0.9% and CAC +0.8%.
OVERVALUED STOCK OF THE DAY
Coca Cola - why hasn't it broken yet???
$200 Billion in market cap and going nowhere fast
No to negative growth in sales and FCF.
Only has $6 billion in FCF
Sells for 35 times free cash flow
Has added debt over past few years to help pay for dividend.
Needs to lose $100 Billion in market cap to be worth investing in.
Looks like the early openers aren't convinced: Kiwis +0.2%, Aussies +0.1%, Japan -0.5% and Sth Korea -0.2%.
Aussie sectors ranging from IT +1.7% down to Consumer Staples -1.1%.