With all the negativity going on between Republicans, Democrats, the mainstream media, and the Trump Administration, it's easy to lose perspective on what is going on in the economy. One of the most accurate predictors of Bull/Bear economic cycles are corporate bond yields. See what the Moody's BAA Corporate Bond Yield chart is signaling for the economy.
For the first half of the year, the S&P 500 was up more than 8% and when that has happened in the past, the S&P 500 continued higher in the second-half of the year 75% of the time.
Let's don't pretend that there is a sub-category of trader called a contrarian trader. Be honest. The 8 year bull market run has killed off all the contrarian traders. The main source of money for contrarians these days is in running internet newsletters and charging a subscription fee. That's why the contrarian 'alternative media' industry comes together around gold, silver and bonds. They are looking for newsletter subscribers and the best way to do that is to find perma-bear contrarian products, and then peel-off those interested in those products to their contrarian newsletter.
Corporate tax revenues are where the rubber meets the road. It's hard to fake and paper over tax receipts. However, some companies could be trying to push off paying their taxes until taxes are actually lowered.
Economics tells us that it's impossible for computer A.I. and automation to take all of our jobs. The reason is that the corporations that are investing and implementing automation technology would be shooting themselves in the foot because human employees are also the very customers that buy their goods and services. Eliminate the jobs and you eliminate the very customers you need to survive. Economics tells us that if the demand for something goes to zero, the supply will also go to zero.