“In the event of a major financial crisis, there is no possibility of an international ‘bailout’ of the American financial system”
"After 65 years keeping an eye Wall Street, Paul Volcker knows a pivotal moment when he sees one. President Donald Trump’s first 100 days has given Wall Street bankers hope that they will be able to roll back the 2010 Dodd-Frank law that strengthened Washington oversight of the financial industry. Trump himself said he wanted to “do a number” on the bank reform law."
"Almost every major regional bank misses estimates for lending"
“The optimism and the willingness is there, but it has not yet translated into actions or behaviors”
"Trump recently complained that "many friends of mine who have nice businesses" can't get loans because of the regulations in Dodd-Frank. "The banks just won't let them borrow," the president said."
https://fred.stlouisfed.org/graph/?graph_id=368379&rn=2323
Fortunately, internet stocks are keeping the rally going...
Equal weight / cap weight S&P 500:
Nasdaq / S&P ratio
When economic growth slows at the end of the cycle, there is only one place to "hide"
