Futures mean squat but ...
Maybe futures look so good because North Korea apparently did not test another nuclear weapon or launch another ICBM as they had said they would do this weekend.
But having said that, futures are up significantly, despite:
- North Korea joining the nuclear club
- Iran probably moving along with its own nuclear program
- Texas still recovering from one of the strongest hurricanes to ever hit the oil sector
- Florida being hit by perhaps the biggest hurricane in modern history
- Hillary's book is scheduled to be released this next week which will probably depress everyone
- an alt-right president is making deals with the alt-left
- the Mueller investigation continues
Note disclaimer above: it's hard think that the following are not going to benefit to a great degree from the hurricanes:
- Walmart
- Lowes
- Home Depot
- Caterpillar
- trucking sector
- fast food sector, especially McDonalds
- immigration slowed down so much this summer, American businesses had to hire American workers at higher wages for seasonal jobs (previously posted)
- the huge US infrastructure program Trump wanted is underway in Texas; will commence in Florida in less than a week (as noted above)
- ObamaCare is dead due to a thousand cuts but major insurers will still be bailed out (previously posted)
See first comment: for "Bannon's" thoughts on Trump's campaign promises, see these links:
- https://www.cbsnews.com/news/60-minutes-breitbart-steve-bannon-declares-war-on-the-gop/
- https://www.cbsnews.com/news/steve-bannon-more-from-60-minutes/
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