United Airlines new policy…
My new favorite United Gif pic.twitter.com/UoY3RUZcxh
— John Puma (@JohnPuma) April 11, 2017
Gold leads in 2017 as geopolitical risk finally begins to get priced in…
In no particular order:
But apart from that, US Hard Data at one year lows, Soft Data at record highs predicated on Trump tax/stimulus plan – looks increasingly uncertain
Stock valuations are at or near record highs…
And earnings and economic expectations are tumbling…
And US Government shutdown looms
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Ok so having got that off our chest – here’s what today looked like across asset classes… Bonds and Bullion were the safe havens as the dollar was dumped, crude spiked on Saudi/OPEC headlines but could not follow through…
Trannies and Small Caps up on the week, and despite the late minute ETF rebalance panic bid, The Dow, S&P, and Nasdaq ended red on the week…
VIX spiked to post-election highs…
VIX almost reached 16 in traday…
The Dow clung to its 50DMA after breaking below it…
Tech stocks are down 8 days in a row, the longest losing streak since before the election…
Bank stocks have been a one-way no brainer trade since the spike after trump’s speech to congress…
USDJPY was clubbed like a baby seal…
Treasuries erased all post-payrolls, post-Dudley losses with yield tumbling and the curve flattening….
Oil’s spike supported stocks in the afternoon until NYMEX close…
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