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Tuesday, April 25, 2017

Markets give Trump an A

All the talk about President Trump's first 100 days brought out the wit of Stilton Jarlsberg, cartoonist extraordinaire and no fan of Trump.

Jarlsberg pointed out last Saturday was only Day 93 of Trump's presidency. Thus President Trump finished his first 100 days in just 93.


The press missed the 2016 nomination and election, so take the commentary by Charles Krauthammer, Chuck Todd, and anyone at the Washington Post with a grain of salt and feed it to the does.

The market bet big on Trump following his election -- and won.

From Yahoo Finance:
Caterpillar Inc. reported first-quarter 2017 results before markets opened Tuesday. The heavy equipment firm posted adjusted diluted earnings per share (EPS) of $1.28 on revenues of $9.82 billion. In the same period a year ago, the company reported adjusted EPS of $0.64 on revenues of $9.46 billion. First-quarter results also compare to consensus estimates for EPS of $0.62 and $9.27 billion in revenues.
On a GAAP basis, Caterpillar posted net profit of $192 million in the first quarter, including a $752 restructuring charge related to the closure of the company's plant in Belgium. Including a planned consolidation in the United States, Caterpillar expects to spend $1.25 billion on restructuring during the fiscal year.
The company is a harbinger of things to come in the construction, mining, and transportation industries, which were neglected under President Whatshisname.

There's more:
Caterpillar has raised its 2017 revenue forecast from $36 billion to $39 billion ($37.5 billion at the midpoint of the range) to a new range of $38 billion to $41 billion (midpoint of $39.5 billion). The profit outlook soared from an estimated adjusted EPS of $2.90 to a new estimate of $3.75.
Earnings are up elsewhere.

From Market Watch:
Since April 13, when J.P. Morgan Chase & Co. JPM, +1.01%  kicked off first-quarter earnings reporting season before the market opened, 15 of the Dow’s 30 components have reported results through Tuesday morning, with 11 beating earnings expectations, according to FactSet. That 73% beat rate is above the 5-year average of 68% for S and P 500 index SPX, +0.68%  companies, FactSet said.
The stock markets are happy. The rise is real. This is not unicorn frappuccino money.

From another story at Market Watch:
“Today is one of the busiest days in terms of corporate earnings releases, with 36 companies reporting before and after the market and so far earnings have been strong,” said Michael Antonelli, equity sales trader at Robert W. Baird and Co.
“While earnings have been driving markets higher, tax cuts would drive multiple expansion and so far it looks like the market is very optimistic on tax cuts,” Antonelli said.
Companies make money. Investors are happy. Retirees have money. More jobs. More taxes. Less need for welfare programs.


The invasion from the South is subsiding.

From the American Mirror:
Arizona ranchers John Ladd and Fred Davis invited House Minority Leader Nancy Pelosi to see the southern border from their property, but she never responded.
But they responded this morning to Pelosi’s recent claim that the border wall is “immoral, expensive, unwise.”
Appearing on Fox and Friends on Tuesday, Ladd said border crossings by illegal aliens have decreased 90% to 95% since Donald Trump took office.
Housing starts are up.

From CNBC:
"I've been selling real estate for 25 years and this is the strongest seller's market I have ever seen in my entire real estate career," said David Fogg, a real estate agent with Keller Williams in Burbank, California. "A lot of our sellers are optimistically pricing their homes in today's market, and I have to say in most cases we're getting the home sold anyway."
Of course, that is along the coast -- Democratic Party territory. The haves are doing better under President Trump than they would have under Whatshername.

But the real tale will be in the 30 Have Not states that voted for him. As I wrote on Monday:
The economy is the Trump re-election campaign

Looks like he's ahead.

The original, "Trump the Press" chronicled and mocked how the media missed Trump's nomination.

It is available on Kindle, and in paperback.
Then came "Trump the Establishment," covering the election, which again the media missed.

It is available on Kindle, and in paperback.

Autographed copies of both books are available by writing me at

Please follow me on Twitter.

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  1. People all over the world
    Join hands
    Board the Trump Train
    Trump Train

    As the dude in the old 7-Up commercials said, The smell of success is never too sweet. HAHAHAHAHA.

    I made a major portfolio move on 11/9, going from 50/50 stocks/bonds to 65/35. As of closing bell today, that move has added some righteous dollahs to our retirement account. Won't divulge the amount but let's just say that it could a nice 3 bd, 2 bth place on an acre up here at The Woods.

    Caterpillar's numbers today were especially heartwarming. Bellwether stock? Ohh YEAHH buddy!

    The financial press is typically clueless. They're calling this a "relief rally." Oh bullshit. A relief rally is when a market tanks like 10 percent and then claws back some losses. The NASDAQ set a new record today and the Dow and S&P are within spitting distance of theirs. That is NOT the definition of a relief rally. And the VIX (fear index)? WAY down again...

    My wife watches the ABC Evening News. She's a conservative, mind you, but the propaganda doesn't bother her the way it does me. They run a quick segment on the day's market results every evening.

    But not tonight.

    How childish, how petty, how unprofessional, how unconscionable is that? My guess is that if Jesus returned to Earth tomorrow morning, you wouldn't see it covered on any of The Big Three nightly news channels. That's how bad it's gotten.

    But for now, I'll groove on the winning attitude that's reemerged in this country, thanks to Mr. Trump. Sure, the markets will stumble, but I sit here tonight looking at three additional years of retirement funding made in five months. Yes. Yes yes yes.

    Never bet against Donald John Trump.

  2. 3 months have passed; 45 months remain.

    Yep - Trump has betrayed us because he did not do everything in the*first*hour*of his presidency.

    Betrayed, betrayed, betrayed, oh how have we been betrayed betrayed and yes, betrayed.

    Don't feel comfortable - betrayed.
    Getting a soda at the Mini-Mart? You're betrayed.
    Filling up the car? Oh you are so betrayed that there is no language to say how much betrayal Trump is heaping on you!

    Betrayed. Betrayed. Betrayed.


    Or you could stop listening to MSM politics and the NeverTrumps and just see what is happening.

    -Mikey NTH

  3. I would say that the markets are giving President Trump a AAA+++ rating. - Elric