Trump is nice to the stock market

A few less negative remarks from Donald Trump and the markets around the world breath a sigh of relief and start climbing. It's so volatile that the slightest change in mood from the president and the world takes note. Perhaps that's the way he likes it. This time he has stated that he has no intention of sacking Jerome Powell, the chairman of the US Federal Reserve, although Trump has been pretty rude about him in recent days. That statement boosted the stock market significantly. Then he said that the hugely high tariff rates on Chinese imports will come down. Up up up goes the stock market. Of course this is encouraging but the stock market really doesn't know where it is at the moment. It has been one of the most unpredictable periods since the financial crisis in 2008. What the market wants is a steady-as-you-go economy with signs of green shoots for a big boost to come. But there is no sign of that at the moment, so the market takes what it can get and if Trump is in a happy mood, then that's good for investors. It is certainly a Trump world we live in.