Here is an anecdotal discussion that is likely taking place inside of every asset management firm of repute now, in light of recent Trump controversy. There’s nothing worse than the unknown — the dark, cavernous, winding hallways that lead to catacombs festooned with traps.
Larry Kudlow and Mark Zandi joined a desk filled with CNBC anchors to discuss the recent events, which have Kudlow scratching his hairless head.
“Why didn’t Comey instruct the Attorney General that he heard an obstruction of justice?”, pondered Kudlow.
Zandi made the point that all of these distractions and ‘murkiness’ only serves to derail tax reform. Kudlow conceded that tax cuts might be dead — but wasn’t giving up hope for healthcare reform.
Mark Zandi rejected a ‘thesis’ by a CNBC anchor who stated his sources inside the GOP saying they were going to pursue their own agenda and not Trump’s. Zandi said, ‘at the end of the day, you need leadership from the executive branch to get anything done’ — citing issues with the debt ceiling and tax reform that are being left abandoned due to all of the ginned up scandal.
‘I don’t just believe he’s going to court for impeachment in the house of representatives. […] I can’t just throw in the towel. That would be absolutely incorrect,’ concluded Kudlow.
Markets are in free-fall mode, now lower by 330. The Nasdaq is off by more than 130, as investors flee risk assets for bonds, gold, REITs and utilities. The USD/JPY cross has been shattered, which typically occurs during market routs — now off by 1.76%. The dollar is lower vs the euro by 0.6%. And, the 10 yr treasury yield is down 11bps to 2.21%.
Volatility is the big winner today — the Black Swan bet, higher by 35% to $14.39.
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So the big question….
Is this a 1-2 day pull back or do we retrench 10-15% over the next month?
Fire and brimstone yet?
Libtards get afraid. You are all fired. When cold and alone on the streets. Panic.
Liberals are rejoicing and vindicated, its’ only a matter of time now.
Think about how up in arms you Trumptards were over Benghazi and an email server – meanwhile Donny hands out classified info to our enemy AND commits obstruction of justice in the same week. You can’t even compare anymore. How brainwashed can you guys be??
How ignorant are you people. Look dude. Bitching is not a strategy.
Nice retort. You should assume duties as Trump’s Twitter proxy.
It doesn’t matter whether any of this stuff is true or not, the real problem is that Trump is acting like a reality TV drama queen. Damn guy needs to handle himself better. He causes more problems with his temper tantrums and tweeting than my kids. Unreal. He’s too easy to trigger. All the libtards are going to do is turn up the heat. If he can’t handle it then he’s going to burn up. Being an adult let alone the Prez of the US is ignoring the jabs sent your way and not causing more of a problem than what you already have. He’s seventy years old for God’s sake.
The Orange God is timeless. Stop letting Envy cloud the judgement dude. Bitching Libtards are the only problem. None of this is complicated. Wake up.
Liberals are the only problem in your eyes because you’re an idiot Trump supporter. People with functioning brains realize that Trump causes horrendous problems every week.
75% sabotage
Trump
80% good intentions
Hrc
70% bad intentions
Not about brainwashing
About correct information
Not only was he not sabotaged, he might have gotten away with it if he hadn’t played it so poorly. He commits obstruction, then fires and threatens the guy who now has nothing to lose.
Sad!
benny you’re free to believe whatever bullshit you want
you don’t seem to be very intelligent, with those remarks
hegelian
the indexes were moved to wait for a trump’s-fault scenario – – –
for drop of stocks – – –
stocks wanted to go down, many times, dooofussssesss – – – – –
Thank God we don’t have to worry about emails and Pizzagate. That would have been a disaster.
$VIX was such an obvious play, as it sat their idling sideways for a week or so in the $9’s. Will it see $20 by the end of next week?
I have proof clear and entertaining proof as to how programmable most are …especially those of the libtardian ilk:
Watch Colbert’s show from right after Comey was fired. In his monologue, Colbert announced that Trump had just fired Comey and the audience went wild with applause. Today, after a bit of MSM conditioning, those same libs are quivering about how Comey is a victim/hero. Know how stupid you are.
never see a “Wall St” veteran be so petty about politics, and only get 1k viewers per article. still cant get any readers with the click bait fucking titles, and sorry ass political commentary
Apologize now
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Kudlow, that flatulent bastard.