Another day, another trade-deal headline saying nothing new but good enough for the algos…
US equity markets love it…
Surging to new record highs, a fact not missed by the president…
Stock Market up big today. A New Record. Enjoy!
— Donald J. Trump (@realDonaldTrump) November 7, 2019
But he probably will not be happy that the dollar is also soaring…
Source: Bloomberg
Gold is, of course, getting monkeyhammered…
And interest rates are also spiking…
Source: Bloomberg
Housing markets won’t like that much.
And as rates rise, will gold catch down to global volumes of negative-yielding debt?
Source: Bloomberg
https://www.zerohedge.com/markets/trump-celebrates-new-record-stocks-bond-yields-dollar-soar
I love these comments from zerohedge. Somebody’s AWAKE!!
adr-
“No, I won’t enjoy seeing the greatest fraud in history continue to climb in fake value.
No, I won’t enjoy seeing another few trillion in buybacks enriching the corporate directors of the biggest pig corporations to ever exist.
No, I won’t enjoy watching more and more stores go out of business to support the fraudulent business of Amazon.
No, I won’t enjoy seeing my heating bill go up to $100 a month because oil will go north of $100 if there is a “trade deal”.
No, I won’t enjoy paying $8 a gallon for gas when oil goes back to $100.
SO screw you President Trump. Yes, you are better than Hillary would have ever been, but that doesn’t excuse cheerleading the greatest fraud in history.
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666D Chess
16 minutes ago
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“Yes, you are better than Hillary would have ever been”… Wrooooooong, Trump and Hillary are exactly the same ****. Sorry, man, the Illuminati conned you once again.
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Zeusky Babarusky
16 minutes ago
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When given a choice of having to contract gonorrhea or syphilis, which one would you chose based on one being better than the other? I am down to chosing neither.”