Tuesday, March 28, 2017
a week does not a trend make
The architecture department at this blog has been on vacation recently.
The Boston Globe noted the recent slide in stock prices, which viewed in the context of political events, seems like a reasonable thing. Where things go next is an open question, and since towers of ilium has indulged in an annual prognostication of impending gloom, it's important to stay the course.
A short term prediction will be for continued volatility followed by an eventual broad based decline from the "Trump Bump."
The stock market is not the economy, however. Steep drops will have less of an effect than the Fed, wage stagnation, and Britain's handling of Brexit. And China.