agip CAD, CHF, AUD for instance. I put together a basket that is strategic for me personally, as I need hedges in those currencies. I wouldn't necessarily recommend it for somebody in a different position.
agip I heard that if you subtract out cars at 0% financing, and gasoline, that retail sales over the holidays were flat, btw.
Trump talks about everything as though he views the world entirely through the lens of simplistic profit and loss, as though a balance sheet is something sacred. Make no mistake it is my opinion that the outgoing administration was entirely incompetent...entirely...but that doesn't mean that it can't get worse.
Trump reminds me of a football coach, or a wrestling coach--all about being combative, all about victory, lots of bluster, and a total befuddlement and lack of understanding when it doesn't go their way. Sure they might be able to motivate a room full of sycophantic meatheads, but get them outside that environment, and they're a joke. As soon as they are in a different game, they get laughed out of the room.
Yes the US consumer market is incredibly important to many companies around the world. It is well-known that Americans spend a lot of money, in fact more than they have, through financing purchases. Financing has kept the consumer economy afloat, but people are increasingly tapped-out, even with insanely low financing rates. Trump et al have to be really careful, because there are US products with not much international distribution, that depend on that US consumer.
Likewise, US products that do get international play often do so only by the grace of foreign governments permitting them to operate, as well as through enforcing laws like intellectual property protection. Things can get nationalized awfully quickly, just by a lack of enforcement, gravely affecting certain important US concerns.
The Republicans seems to understand this issue with the US consumers a bit, inasmuch as they are looking to pad private spending with government spending by running up the deficit to insane levels, to pick up the potential slack in growth of private demand.
The idea that the R's have that they can operate gov't more efficiently than did the D's, and that their infrastructure spending will therefore yield more gains than did the D's, maybe even to the point of breaking even, represents great hubris and ignorance. NOBODY can operate the machine more efficiently than can anybody else, except for a tyrant who changes the machinery to operate through brutality. History has shown that can work for a time...but short of that, we aren't going to see any great gains in national efficiency through public spending, no matter who it is who spends the money.
The outgoing regime was corrupt and incompetent, and embodied Fascistic tendencies. To me, it looks like Trump intends to continue this trend, but that he will try to substitute his own brownshirts for the previous ones. He will only continue the general movement started by the last administration, in that nothing he does will be likely to result in any structural change--the game will remain the same, only with another team up to bat.
Whatever happens, it will probably mean swings, of which I hope to stay clear unless they are giant market swings of which I can take advantage. I suggested last year that the DJIA would hover below 20k for a while, and in that short-term prediction I was right. I also said that if I had bought in, that I would sell if it stayed below 20k into 2017 for any period of time, and if I had been in, and if it made sense from a tax perspective, I would have already sold.
I also said that I might buy in if it goes above 20k and shows a bit of stability there, and I stand by that. Haven't bought in yet.
It will be a strange, uneasy year. I'm half thinking about taking my gains for the year, which amount to maybe 4-5% through only luck of timing, and just waiting to see if any good opportunities arise later in the year. Seriously.