Italian markets are meat balling higher, +4.5%. EUROSTOXX 50 is up 3.5% and WTI is 3% to the good. The British Pound is up 1.4% and U.S. futs are +200.
Before diving into the markets, headlong, ask yourselves this question: is it in the globalists interest to get back to business as usual post BREXIT? It’s not like we’re jumping to conclusions when we acknowledge the fact that markets are manipulated higher, when the ECB openly admits to creating 80 billion per month in order to artificially suppress sovereign and corporate bond yields. With that in mind, if markets went back to normal, other nations might fancy their way out of the EU; and we both know they can’t have that.
Nevertheless, stocks are setting up for a strong bounce today. Keep a close eye on the banks to see if the rally has legs or is setting up to disappoint.
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What is the hardest trade in the world right now? Maybe long the pound. Maybe short the long bond. I’m thinking of acquiring some puts on The Ark [no malice]. 30s are neither their all time low yield of 2.22. The smart and patient man waits until then. I don’t profess to be either.
Speaking of The Globalists – what they want is to punish The UK [downgrades already happening] and do their best to get Hillary in office. I would think that means preventing a real selloff by any means necessary. There is now an 8% chance of a rate cut priced into July Fed Fund Futures.
I don’t think they cut unless it looks like a real drop below 1900. FED committed to keeping a sideways market past November. Then all bets are off.
Regardless of who gets into the U.S. president’s office, the Powers That Be have plans to get their way. Whether it’s Hillary or Donald, that person will find that Congress members will not cooperate with certain things they want to do, because the Powers That Be have donated so much to Congressional campaigns.
It’s possible that Hillary will take on some of Bernie’s views about stopping trade agreements that are unfair to American workers. If so, she would have that problem, as would Donald.
Why do you get a cool avatar while I get this confused weirdo avatar? Trade?
But how does this impact business at Trump’s golf course in Scotland? Damn globalists.
Pound gets cheaper, more Good Guys [Legal American Citizens] visit and play golf and smoke cigars and drink scotch. Life is awesome. Thank you Trump!
Mr. Trump to you.