This is what our mode of production optimizes: ugliness, debt-serfdom, and servitude to politically dominant corporations. That's how we've come to love our servitude - oops, we mean "low prices and convenience."
Given the multiplying and shrilling-squawking omens of hubris and overconfidence in today's hyper-extended markets -- a murder of complacencies, if you will -- we conclude we've reached the point in this storyline where the suspense has risen to its zenith, and the real violence then begins.
The corporate sector’s animal spirits may soon give way to primal fear: the market rally is already running out of steam, and Trump’s honeymoon with investors might be coming to an end. There are several reasons for this...
Of the 42 S&P 500 companies reporting Q4 earnings so far, 27 cited the term “Trump” or “administration” during their Q4 earnings calls. Tax policy was cited or discussed by the highest number of S&P 500 companies at 11. Six of these 11 companies stated that if taxes were lowered, it would benefit their clients or themselves.
"Stocks have surged by 6% since the election on the prospect of higher earnings under potential Trump policies, but consensus bottom-up 2017 EPS forecasts for S&P 500 have been unchanged" - Goldman Sachs
Suddenly the coolest thing in corporate America is announcing major capital investments in the US while adding thousands of American jobs, in other words the opposite of the globalization trend of the past 30 years, in yet other words, doing precisely what Donald Trump demands.