This week started off on a decidedly downbeat note when, following a weekend of violence in a place that’s not used to seeing Nazi rallies, vehicular manslaughter, and helicopters falling from the sky, Donald Trump used the Q&A session of a press conference about infrastructure to defend white supremacists and talk about Thomas Jefferson’s slaves. 883 more words
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The best strategist on Wall Street, Deutsche Bank’s Aleksandar Kocic, has returned from a brief hiatus and given what we’ve seen over the past 7 days in terms of nuclear saber rattling and the dissolution of America’s democracy, not a moment too soon. 582 more words
So, just to be clear, you don’t need to be political scientist or a particularly keen market observer to know that if Gary Cohn quits on Trump, risk assets are likely to sell off, the dollar is likely to plunge, and yields are likely to fall precipitously. 1,027 more words
Ok, well if you needed an interesting setup for the Fed minutes, you got one.
The backlash from Trump’s Tuesday afternoon meltdown in New York effectively forced the President to dissolve his Manufacturing Council and Strategy & Policy Forum as CEO after CEO defected in protest. 800 more words
It looks like the market might finally be realizing that politics matter.
Because just as this tweet hit…
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Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both.