Caterpillar equipment. Source: Caterpillar
The U.S. economy has been on an upward trajectory for over a decade. At some point what goes up must come down. However, President Trump believes the economy is strong and has more room to run. Sans more government stimulus, I believe the economy will begin to show cracks. That's why the earnings of cyclical names like Caterpillar (CAT) are so important. They arguably could give an indication on just how strong (or weak) the economy truly is.
Caterpillar manufactures everything from earth-moving equipment to equipment to oil and