Ken Fisher
speaker
93 appearances
1 recordings
1 series
first heard Dec 2017
last heard Dec 2017
Ken Fisher’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Why We Shouldn't Call This Market Run-Up a 'Trump Rally' · 14 Dec 2017
podcast
Basically, my view has been since the rally started, which is really February 2016, that this is a falling uncertainty rally.
It's all about the political uncertainty in America, which was huge then, declining through post-inaugural period as we formed a government and came to realize that
that that government really couldn't do very much that some people hoped for and other people feared, and that the stabilization that comes from that realization is falling uncertainty.
Well, meanwhile, the same thing's been going on, but with a time lag overseas, particularly in Europe, with so many elections this year, governments being formulated, they still don't have the government formed, for example, in Germany.
It took longer to form a Dutch government than ever before.
All of this has been a falling uncertainty global political rally.
But it's not specifically about Mr. Trump.
I think we would have had the exact – I don't want to say the exact same numbers.
That would clearly be wrong.
But we would have had a falling uncertainty rally had Ms.
Clinton been elected.
She would have had to do much of the same thing.
Pick cabinet members.
Some don't get confirmed, particularly with the Republican Congress.
Then go back and pick more.
Finally, she's got the team in place.
Then you see how they interact with Congress, what wins, what doesn't.
If you go back and you look at the 12 months after election, literally, for all of the presidents, this one has been one of the better ones, but it's far from the best.
The best of all was Bill Clinton's second term.
Nobody called out a Clinton rally.
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