We would like to state that this article is not about politics but about the effect these two polarising individuals will have on the market. Before the debate, the outlook was somewhat favourable towards the Donald and immediately the markets reacted and started trending lower. Regardless of what you think of Trump, he is having the same effect as Brexit had on the markets but in smaller doses.
For the past few months, we continued to Google the Term, Dow 19K, Dow 20K and Dow 21K. We got the most hits on the search term Dow 20,000, but the noise was not enough for us to take these developments too seriously. However, when we noticed that CNBC published two similar titled articles within a time span of 30 days, it was time to take note.
Anyone who still thinks the Affordable Care Act was a "government takeover of health care" should consider this headline from the news pages of last Thursday's Investor's Business Daily -- a Wall Street publication whose editorial writers have rarely missed an opportunity to bash the healthcare-reform law.
Today, as he makes his sixth State of the Union speech, the president faces a solidly Republican Congress, and he never has to face the electorate again. So we are seeing a stronger and more forceful president than ever before. He is challenging Congress to act and outlining again the principles he ran on in 2008. This is Barack Obama unleashed.