Yesterday’s rally has been revoked. All it took was a little analysis to figure out that rates were never going up in the first place. Therefore, yesterday’s Brainard speech induced spike was subordinate compared to fears of Trump becoming the next President.
You will hear a sundry of reasons for the renewed volatility in stocks. Just know that this is the truth: they don’t want the apple cart being spoiled and taken away from them. Everything that has been built, since NAFTA was passed under Clinton, is now in jeopardy. As such, volatility is the predominant theme on Wall Street now.
Crude is sharply lower.
Market breadth stands at 13%. Energy stocks are leading to the downside.
Go Fly!!
Is nothing safe?
You would think TLT and gold should be going higher.
+1
Wrong Mr. Fly. Reason for selloff all along is ECB/JAPAN policies hitting a wall and the reversal of bonds.
Watch TLT go endlessly lower from now on.
Wrong