Sentiment Up, Complacency Up - But Uncertainty Also Up (Not Down?)

When did the distortion start occurring in the markets when increasing UNCERTAINTY can come with an increase in COMPLACENCY and SENTIMENT?

The short answer is: When Wall Street and its media maven lap dogs began controlling the public narrative.  I place our newly minted Twitter King, "the Donald" at the intersection of both!

For the sake of full disclosure I need to say I did not vote for the "Donald"! This was based solely on my personal experience as an investor in "DJT".  It was a sad story for those investors who bet on the "Donald" and were left holding the bag without remorse from this slick Wall Street magnate. We were all guilty of being delusional in our faith in what became clear to us as his illusional, self-promoting, relentless hype.

Having said that, I also need to state that I soundly belief in his presently outlined policies of pro-growth, tax cuts, regulatory reduction and cessation of  an unfundable American hegemony. Similar to "DJT", the story is both exciting and well sold.  Of course many will likely soon learn there is a big difference between what the "Donald" asserts and the reality of what he actually delivers. There is a reason he habitually punctuates almost every questionable claim with "trust me!" Like the old carnival barker and snake oil salesman of yesteryear, firm promises and sales pitch are likely to steadily and stealthily shift with the continuous stream of "fall guys", excuses, slick "slights of hand" or "deflections".

Of course the equally sly Wall Street machine will take full advantage of the game of promotional illusions that are the "Donald".

SENTIMENT & CONFIDENCE RISING

Overwhelmingly everyone is buying into the "Donald's" policy platform. Sentiment & confidence are at a nearly 2 decade high! Of course we are still at the expectations stage. Few want to even recognize the looming signs of a potential US recession. We suspect by the end of 2017 this will be opined as a "deflection" for stalled and unimplemented policies. It won't be that the "Donald" and his team won't try - it more a matter of the reality that is Washington! He should have "drained the swap first" as he initially said he would.

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Disclosure: Information herein was obtained from sources which Mr. Long believes reliable, but he does not guarantee its accuracy. None of the information, ...

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