Markets are set to open flat, but there are some outliers. Oil is higher by 1% — due to the Syrian escalation. Has anyone ever thought about what the price of oil would look like if we applied sanctions on Russian crude?
All of the metals are sharply lower and not just gold and silver.
I don’t believe the infrastructure bill is dead just yet. So, maybe it’s simply a little profit taking here. Or, maybe the market is pricing in a weaker China. Either way, the base metals are a hugely important tell for global growth.
I’ll be selling out of my $TLT today and moving into some neocon names today, hoping for the worst, but expecting something far more sinister.
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Is there a possibility that Trump, seeing how he wasn’t able to garner support for his healthcare bill, is playing the political game to appease some establishment GOPers in exchange for support of tax reform and infrastructure spending? I’ve become mostly ambivalent to politics and partisanship, but the most appealing aspect about Trump to me was that neither party liked him.