Nov

28

You can almost hear the exhilaration in the "failing of Trump trades" after 15 of last 17 way up.

"Trump Trades Falter as Stocks Fall, Treasuries Rally With Gold":

By Eddie van der Walt, Sofia Horta e Costa and Rita Nazareth (Bloomberg)

The Donald Trump effect lost its sway over global financial markets as investors shifted to new threats including the future of Italy's government and fled to the safety of bonds and gold.

U.S. stocks slipped from all-time highs as investors speculated that gains sparked by expectations for brisker growth under a new administration went too far too quickly. Treasuries climbed, while gold pared its monthly decline. Italian banks led losses in Europe as Prime Minister Matteo Renzi faces a key referendum that may see voters reject his constitutional reform and prompt his resignation. A fund that holds stocks in companies that could gain if the U.S. lifts trade restrictions with Cuba had the biggest rally since December 2014 after former President Fidel Castro's death.

Yanki Onen writes: 

One thing that won't change for the foreseeable future is that people will take profit come month-end and the market will recover what it has given and then some before it is over.


Comments

Name

Email

Website

Speak your mind

3 Comments so far

  1. Jack Chicago on November 28, 2016 10:03 pm

    The “Rump Dump” is en route; but the “Trump Bump” is a Rallyman’s salute, goes, “Toot, Toot-y Toot”!

  2. Astro the dog on November 29, 2016 10:24 pm

    DXY = large down.
    Equity Asset (INDU SP) large down.

    EC = Large UP.
    AD = Large UP.
    CD = Large UP.
    JPY= Large UP and new world wide reserve currency taking the DXY out.
    BP = Major Centry low in place.

    ZB (30 year contract, 10’s,5’s,2’s) = Large UP. New low in yields.

    Nat Gas CL = UP.

    S = 1st up.

    GC and SI = new all time highs.

    :) bark bark!

  3. astro the dog on December 15, 2016 12:31 pm

    …..:) how sweet it is jackie!

Archives

Resources & Links

Search