…so as you’ve already received a couple of responses to your overly optimistic writing…that is, if the Helsinki stock exchange is slumping, the root cause is Finland’s miserable situation; if it rises, it’s due to reasons outside Finland…lest citizens be given the wrong signal that now is a boom time and it’s time to start spending and get the economy moving…no no…save your meager savings in a stocking, and if it’s already full, find another used sock from the wardrobe (don’t buy a new one!)…and from the forest, fetch half pine bark for your bread, and the polar night is approaching, so just go into some dark hole to lament your own and Finland’s misery…I myself, at some point last winter, succumbed to writing an overly sympathetic comment in that Hesuli (Helsinki Stock Exchange) thread about Hesuli’s rise this year…but no worries, bad times will surely return to the Helsinki stock exchange again…
So, Trump has the first 10% in the bag. The image above shows the S&P 500’s performance during different presidential terms, starting from Reagan. Pretty much an average performance, from the stock market’s perspective.
Nikkei reached new records, 45,500. The S&P 500 is also +15% year-to-date, while in Europe it’s more subdued; for example, Stoxx 600, DAX, and OMXH are quite close to February’s figures.
BUT, a large part is explained by currency fluctuations; the Euro has strengthened by at least 10% against the dollar and over 5% against the Japanese Yen.
Lies, damned lies, and statistics? It would feel like there’s more downward pressure than upward pressure if the results don’t grow significantly But I too only look at past statistics; maybe everything is different for once.
There have been only five shutdowns this century, and only two in the 90s, and they do not really correlate with macroeconomic movements, but are more related to how power is distributed in Congress and the White House at any given moment.