“Never take your eyes off a skunk” – Mark TwainWho knows how much of Trump’s discord forces a discount to the market’s valuation? As for bonds, the flattening yield curve is under way, two-year Treasuries popping to a 2.2% yield, adumbrating uncertainty. There’s no sign that the administration is serious about infrastructure spending in the hundreds of billions so I discount GDP stimulus therein. Probably takes a decade to drown us in debt, destroy the dollar, further weaken our healthcare delivery system and student financial aid package. The Administration’s belief in laissez-faire for our healthcare system is a time bomb.

Source: Forbes March 19, 2018 19:29 UTC