Government Policy has me circumspect on the markets.

 

Market Talk
 

The democrats, with the majority in congress, have a socialist agenda under a guise of infrastructure.  Inflation is rampant with rates higher than in 30 years.  The Fed with Jerome Powell as the Federal reserve Chairman is expected to start raising interest from all-time lows in 2022.  However, the Fed has been dovish while they have dished out unemployment checks and it seems some are reluctant to get off the gravy train. Meanwhile a trend of shoplifting and lawlessness is growing across the country. California is a trend setter with allowing thieves to steal just under $ 1000 a day and if caught be charged with just a misdemeanor and go on.   But the police are overwhelmed in the cities and they typically just get away with it.  The woke democrats seem to think this is "equity".  Is it a ship of fools?   America's supply in oil pumping is down 10% and talk of using the strategic reserves are in play. sheesh.

Now the above is a view from main street not the market.  The market is looking to what it perceives as winners and losers from policy.  The Democrat policy is to rely on Russia and Opec to produce more oil while America was energy independent before Biden got in. Now he begs Russia and the middle east to produce more oil as they laugh at us. Oil and gas are going sky high and are a big inflation factor.  Interest rate hikes are not going to change oil prices.  The dems use climate change as the crisis to justify socialist "woke" policy of all sorts.  There is a way to transition to cleaner energy but the heavy-handed manipulative way of the socialist democrats is not the right way. There has got to be a better balance of policy to reflect the center not radical left-wing policy.

Stock Talk

The above preamble leaves me circumspect about the way America is headed.  One could say yeah forget about it all and watch infrastructure stocks.  For now, I'm still shaking my head and pondering.  Are we, the ones who grew up with the greatest generation as family the only ones - who see it?

https://www.youtube.com/watch?v=zkKb4Zt48x8

____

ALL in my humble opinion, scroll down and read more..

This site does NOT make Buy / Sell recommendations.
_______