Trump’s Top Econ Guy Just ANNIHILATED the Stock Market’s Fantasy

By: Graham_Summers

The single biggest story this morning is Treasury Secretary Steve Mnuchin pouring ice cold water on the market’s mania.

First and foremost, Mnunchin stated point blank that the Trump administration HOPES to implement tax reform by August.

Not two weeks from not. Not even two months from now. But AUGUST.

And that is their hope, not a hard deadline.

Then Mnunchin announced that there was “not much administration can do to affect growth in short term”.

For weeks we’ve been told by the financial media that 5% GDP growth is just around the corner… that the US has already entered an economic utopia… and that stocks are correct to be rallying to all –time highs based on this belief.

Here’s is Trumps’s #1 econ guy stating POINT BLANK that the administration cannot juice growth in the short-term.

And stocks have rallied to new all-time highs based on hope of tax reform, GDP growth of 5% and more.

This is the sort environment in which Crashes can happen.

And while the odds are low that we get an actual Crash… this environment is more conducive to Black Swan events than any other in the last seven years.

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Graham Summers

Phoenix Capital Research

http://www.phoenixcapitalmarketing.com

Graham also writes Private Wealth Advisory, a monthly investment advisory focusing on the most lucrative investment opportunities the financial markets have to offer. Graham understands the big picture from both a macro-economic and capital in/outflow perspective. He translates his understanding into finding trends and undervalued investment opportunities months before the markets catch on: the Private Wealth Advisory portfolio has outperformed the S&P 500 three of the last five years, including a 7% return in 2008 vs. a 37% loss for the S&P 500.

Previously, Graham worked as a Senior Financial Analyst covering global markets for several investment firms in the Mid-Atlantic region. He’s lived and performed research in Europe, Asia, the Middle East, and the United States.

© 2016 Copyright Graham Summers - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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