Everyone who is buying the market move since November 8th is about to get destroyed.
The 4Q16 GDP and full 2016 GDP numbers confirm that the US is rapidly moving into recession.
For those who missed it, the US just posted the weakest GDP growth numbers since 2011… during an election year in which the Government was going everything possible to juice growth.
The details of the growth numbers were even worse. Stripped of various gimmicks, real GDP growth for 2016 was likely sub-1%.
We get additional indications of a turn in the economy from the following:
1) Credit card company Capital One (COF) which reported a 30% INCREASE in Charge offs Year Over Year.
2) Goldman Sachs has confirmed that US auto demand has peaked.
3) The Insider Sell/Buy ratio hit 59 to 1 meaning insiders are dumping 59 shares for every 1 share they buy.
4) Tax revenues are showing a marked collapse in taxes collected.
Put simply, it is evident from any of the “unmassaged” data that the US economy is turning.
Meanwhile, the financial media is abuzz with the notion that somehow US GDP growth of 5% is just around the corner based on the view that Trump can somehow conjure up growth within a month or two (impossible).
Anyone who is investing today based on the idea that an economic renaissance is just around the corner is going to lose a LOT of money.
That fantasy will soon come crashing down. The markets have completely misjudged the immediate impact of Donald Trump taking office.
If you’re looking to make sense of the REAL impact Trump’s Presidency will have on the markets, we’ve put together a Special Investment Report outlining this.
It’s titled How to Profit From the Trump Trade and in its 12 pages we detail three investment strategies that will produce outsized gains as a result of Trump’s economic policies.
To pick up a FREE copy, swing by
http://phoenixcapitalmarketing.com/trump.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
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