It has been boosted by government spending and big Tech. At the expense of smaller private business and higher crippling interest rates that don’t affect the wealthy.
The more uncertainty he creates with tariff zig zags and soft payroll data, the more money moves out of equities and into US Treasuries. Which brings interest rates down.
A lower 10 year yield and mortgage rate benefits lower and middle class Americans….much moreso than a higher NVIDIA price.
Get rates and the Fed on a path to low to mid 3 percent on the 10 year. Also take comfort in the fact that there is both a Fed put (they can lower rates a shit ton to boost economy if needed) and a Trump put (there is an inflection point where rates are low enough and he will say uncle on soft economic data).
The housing market will boom again….which is the biggest driver of small business and broad economic activity. Higher rates has frozen both the sales of existing homes and the construction of new ones.
The more uncertainty he creates with tariff zig zags and soft payroll data, the more money moves out of equities and into US Treasuries. Which brings interest rates down.
A lower 10 year yield and mortgage rate benefits lower and middle class Americans….much moreso than a higher NVIDIA price.
Get rates and the Fed on a path to low to mid 3 percent on the 10 year. Also take comfort in the fact that there is both a Fed put (they can lower rates a shit ton to boost economy if needed) and a Trump put (there is an inflection point where rates are low enough and he will say uncle on soft economic data).
The housing market will boom again….which is the biggest driver of small business and broad economic activity. Higher rates has frozen both the sales of existing homes and the construction of new ones.
