Turning Hard Times Into Good Times

David Stockman and Chen Lin return. The stock market makes new highs as investors buy the notion that fiscal stimulus and tax cuts under Trump can return America to prosperity and rejuvenate the Middle Class. Never one to wear rose-colored glasses, former Reagan budget director Stockman will explain why a grand bargain with Russia and the disassembling of the American empire is an imperative first step toward draining the swamp. But with many swamp- residing alligators threatening to consume Trump for lunch, a gradual and peaceful withdrawal seems highly unlikely. More likely, the Empire will first implode from its own self-inflicted wounds. Given his knowledge of how Washington and markets work, what are David’s predictions for stock, bond and precious metals markets for 2017? As usual we will talk about Michael Oliver’s reliable momentum market guidance and will talk to Chen Lin who has found ways to make money in all kinds of markets will share his favorite themes in the New Year.