Pepperston Senior Research Strategist Michael Brown stated in a report that the recent market trends are exactly opposite to the goals that U.S. President Trump has been pursuing.
Brown said, "I think it is important to recognize that almost everything we are seeing in the market right now is contrary to the goals that President Trump has articulated." Brown noted that Trump has repeatedly expressed a desire to see lower oil prices, a rising stock market, a weaker dollar, lower interest rates, and a more dovish Federal Reserve. However, what Trump is actually facing now is rising oil prices, a declining stock market, a strengthening dollar, rising interest rates, and a Federal Reserve caught in a "dilemma."
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