Submission statement: much has been made about the remarkable rally in US stock prices since the sell off induced by the start of the Iran War, despite the fact that the strait of Hormuz remains closed and the end of the war uncertain. *The Economist* reports that this is not due to irrational optimism about the war ending soon, but rather reflects an amazing earnings season. When incorporating Q1 earnings already reported along with expected earnings that are yet to report, the S&P 500 is expected to have grown aggregate earnings by 19%, year-over-year. The dynamism of the US economy continues to produce results and dazzle investors, despite the best efforts of the Trump admin.
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The most infuriating thing is that it may be entirely possible that the structural advantages of the United States are simply too much for 8 (interrupted) years of Trump to break.
It means that certain people will never get the consequences of their actions to reach them in a way that matters, which as much as I might like or even love my country, I hate.
Seriously, the joke was for years that republicans would eat a shit sandwich to make a democrat have to smell it- but I’m the same way against them now
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Submission statement: much has been made about the remarkable rally in US stock prices since the sell off induced by the start of the Iran War, despite the fact that the strait of Hormuz remains closed and the end of the war uncertain. *The Economist* reports that this is not due to irrational optimism about the war ending soon, but rather reflects an amazing earnings season. When incorporating Q1 earnings already reported along with expected earnings that are yet to report, the S&P 500 is expected to have grown aggregate earnings by 19%, year-over-year. The dynamism of the US economy continues to produce results and dazzle investors, despite the best efforts of the Trump admin.
The most infuriating thing is that it may be entirely possible that the structural advantages of the United States are simply too much for 8 (interrupted) years of Trump to break.
It means that certain people will never get the consequences of their actions to reach them in a way that matters, which as much as I might like or even love my country, I hate.
Seriously, the joke was for years that republicans would eat a shit sandwich to make a democrat have to smell it- but I’m the same way against them now