Janet Lee-Sheriff visits for the first time. David Stockman and Michael Oliver return. The S&P surged to an extremely overpriced 26X PE as investors bet that Trump can restore economic growth and corporate profits again. But how rational is that given that Americans had just elected the most disruptive, erratic, undisciplined, impulsive, glandular, ill-informed and unpredictable President ever? David views Trump not as a national savior but as a disrupter of existing evil. In the disruption process we should expect no end of caprice, cacophony and chaos from Washington. David will explain in
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