Notice the U shaped structure at the top right. The right side of the U coincides with the tax package passing, and there are signs that the effects of the tax cut have already given all the stimulus that they could at this point in the economic cycle. August could go either way, but I suspect by September the job numbers may be down around 100,000 (and by November maybe down to 50,000).

The one thing I'm not sure about is whether we will see a dramatic sell off in the markets, or a slow, steady leak by the end of the year. All of that repatriated money that companies are now using for stock buybacks are being accompanied shortly thereafter by senior executives selling out their positions and getting out of the game while the stocks are overweight. As those stocks are resold into the market I think you'll see a point where supply exceeds demand, and stocks begin to plummet one by one in value. Enough stocks moving fast enough will spook the market until a quiet sell-off becomes a rout, though automated trading may hide a lot of that. To that extent, watch volume, not numbers. If the volume of shares traded on the various exchanges drops, that means that people are cutting their losses, even if the bots keep the indexes inflated. At some points, the bots will eventually return to reality, which is when I think you'll see the big drops in the markets, but by then, the damage is done.

steps as Fred Astaire, only she did them in high heels and backwards.

O pulled many more jobs and the country out of a roaring recession only he had hordes of obstructing repugs hanging onto his back and pulling the other way.

And that reminds me of what Ann Richards said about W. Bush—he was born on third base and thinks he hit a triple.

trump was presented with a surging economy, stock market and jobs figures and thinks he did it himself.

REPUBS in CONGRESS would have got off there ass's