[DocSavage87]

I think there was a reason that James Carville admonished Bill Clinton's staff that "It's the economy, stupid."  They turned out GHWB as president after one term because the economy was tanking.  Bill Clinton never forgot that advice, and it's Trump's only advantage, or was until COVID came around.

And to be candid, Presidents do affect the markets -- stock market, labor market, other markets -- with their macroeconomic policies, pronouncements, executive orders, as advocates and by whom they emplace in governmental positions.  They're not divorced from the process, not by a long shot.

For the stock market and this one in particular, "It's the Fed, stupid."  Or as others say, don't fight the Fed.  Various forms of incentive that get lumped in to QE-like policies.  The stock market seems divorced from the economy and pretty much driven by some sectors like Tech, which in some ways got a boost from remote work, increased internet use, etc.  Just about everyone I follow also says this is going to come crashing down soon, but then they've been saying that for a couple of years.  The Fed is winning.

[DocSavage87]

I think there was a reason that James Carville admonished Bill Clinton's staff that "It's the economy, stupid."  They turned out GHWB as president after one term because the economy was tanking.  Bill Clinton never forgot that advice, and it's Trump's only advantage, or was until COVID came around.

And to be candid, Presidents do affect the markets -- stock market, labor market, other markets -- with their macroeconomic policies, pronouncements, executive orders, as advocates and by whom they emplace in governmental positions.  They're not divorced from the process, not by a long shot.

For the stock market and this one in particular, "It's the Fed, stupid."  Or as others say, don't fight the Fed.  Various forms of incentive that get lumped in to QE-like policies.  The stock market seems divorced from the economy and pretty much driven by some sectors like Tech, which in some ways got a boost from remote work, increased internet use, etc.  Just about everyone I follow also says this is going to come crashing down soon, but then they've been saying that for a couple of years.  The Fed is winning.