Gardner Says Trump Administration Still on Learning Curve

The video discusses the market's modestly positive reaction to the government's avoidance of a shutdown, highlighting skepticism towards government operations. It examines the President's influence on Congress, particularly regarding tax reform, and notes the administration's learning curve. The market's discounting of expected fiscal stimulus from the Trump administration is analyzed, with a focus on the impact of the election and health care bill defeat. Finally, the video highlights strong economic growth and earnings, emphasizing the importance of these factors over political developments.

What was the market's reaction to the political developments discussed in the first section?

• Strongly positive

• Indifferent

• Modestly positive

• Strongly negative

What is the administration's current challenge in dealing with Congress?

• Inexperience in government operations

• Overconfidence in their policies

• Lack of majority in Congress

• Too much focus on foreign policy

How does the market view small political victories according to the second section?

• As a slight positive

• As a reason for concern

• As insignificant

• As a sign of major success

What has been the trend in earnings growth as discussed in the third section?

• Unpredictable and volatile

• Best numbers since 2012

• Stagnant since 2012

• Declining since 2012

What is emphasized as more important than political developments in the third section?

• International relations

• Media coverage

• Earnings and economic performance

• Public opinion