The data really show how dynamic the American economy is.
If Trump follows the counsel of the fiscal hawks he wants in his administration, we will have a recession.
Trump's initiatives are likely obliged to focus on influencing the location of production, and the sooner the better.
The U.K. fired the starting gun in Brexit negotiations, and it looks like a miss.
The shift in federal spending patterns has lessened its influence on overall growth.
The U.S. dollar has topped out, and most likely it has done so for the long term.
Going back to the JFK assassination, Wall Street's motivations have been primarily financial.
Expectations are for more than 2% growth, which would be better than the last 4 quarters.
There is no pent-up consumer demand, and bond yields are headed south.
Financial stocks should do well this year, despite what fourth-quarter profits show.

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