Trump says U.S. growth could hit 20%. The guy who bankrupted three casinos now handles economic forecasting. This tracks.
The headline notes it happened once since WWII. That was 1950. Truman was president. Korea kicked off. The economy exploded because we made every tank, rifle, and boot for half the planet while Europe still cleared rubble. Context matters. Trump wants the same number during peacetime by tweeting harder.
He also argued the Fed shouldn't hike rates even with inflation above target. Bold strategy. Ignore the thing central banks exist to control. Just let prices run wild and hope 20% growth materializes from executive orders and tariff threats. Every economist with a pulse called this insane. Every retail trader with a Robinhood account nodded along and bought more Tesla calls.
The Fed's target sits at 2%. Inflation runs hotter. Trump wants rate cuts anyway because growth could hypothetically explode into double digits if we believe hard enough. This is monetary policy written by someone who thinks the national debt works like a credit card you never pay off.
Technical analysis stays the same. Draw your lines. Watch your levels. Ignore the noise. Trump could promise 50% growth tomorrow. Wouldn't change a single trendline. The chart moves regardless of what any president says into a microphone.
Retail loves this stuff. They hear 20% and picture their portfolios tripling by Thursday. They don't ask how. They don't check if 1950 required a war economy and manufacturing dominance we no longer possess. They just buy and pray.
The stock market doesn't care about growth projections from politicians who can't explain how compounding interest works.
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