Wall Street has erased a 900 point deficit and just traded green. Who knows where it will end up? But this is the type of volatility that literally kills people. Markets rose 500 points in the previous two sessions, in the hopes of a Hillary win. Upon Trump winning, futures cascaded lower, as well as commodity and European markets.
All of that is being revoked. Europe is higher. WTI has erased most of their losses. And bank stocks are ripping higher. The thought process behind that is higher rates under Trump means wider yield curve. As such, the curve has widened to 110bps. All of this action is indicative of an economy on the cusp of boom.
Perhaps all of the hand wringing over a Trump win was theatre, forcing weaker hands into capitulating so that someone could buy the blood?
If Trump is truly serious about renegotiating trade deals, permitting cash from overseas to be repatriated cheaply, and build a gigantic southern wall, I don’t see how any of that would hurt markets in the long run.
However, short term, uncertainty is toxic for markets and we should be sharply lower today. I’m not touching any of my positions now, as I expect emotions will run high and money to be mistreated by idealogues without brains. Give it until next week to truly get a feel for this new reality and then make some longer term decisions.
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between Gartman & chair Mao Yellen, what did anyone really expect…..
the crash comes 1st quarter 2017..
Need to keep markets up as long as Obama is in office – it is his only legacy (markets near ATH).
However Obama’s biggest legacy will now forever be Donald J Trump; If he (Obama) had done a half decent job, Trump would never have got a look in. There is ample blame on his shoulders for this. Wonder if the Libtards will see this :-/
Obama is shitting himself this am knowing full well that his Obamacare “legacy” will be exposed horribly once it is repealed and a far superior solution instituted; and all of those poor ppl that paid penalties for not being able to afford/want this fascist aca abomination…. and then he will be exposed for sub 3% gdp, his wars, his race relations….i could go on…
No need – you are preaching to the choir…
This move has the stench of central banks intervention written all over it.
You are the captain of my ark, Mr. Fly.
Whipsaw City, yikes this is a hot potato.
Unless you bought futures last night you missed the selloff
speed of trades changed though , didn’t see this from a long time
If Trump is truly serious about renegotiating trade deals, permitting cash from overseas to be repatriated cheaply, and build a gigantic southern wall, I don’t see how any of that would hurt markets in the long run.
he must be serious about not removing yellen algos + banks , as it literally is the market and there’s no way with global shit 2016 that the average Joe can replace it
Yeah, a lot of the stuff he says seems downright boolish. I want to hear his position on monetary policy.
he is against yellen ( he is against monetary support / ease ??wtf dont know what’s his mind )
Ark is sinking.. time to go long duck dong and ride the next 8 years to Mars!
This is looking a lot like a rally…
sitting in a garbage boat full of cash and TLT for 6 months spewing nonsense and venom hoping for Powerball Presidency and chaos (who cares about chaos) to bank coin, OMG it comes! and the 800 Dow futures drop but by the time the market opens WTF – shorts are squeezed and bulls are running. Where do I land my garbage boat?
Wtf. This fuckery is off the scale.