What are the stock markets doing with the pseudo deal between the USA and China? It’s a pseudo-deal because it’s just a verbal declaration of intent. According to the Trump administration, written declarations should not be made until mid-January. But only written agreements are relevant (because they are verifiable). It is questionable whether there will ever be a written version of this so-called deal. What is striking is that Trump hardly celebrates the deal (unlike China). On Friday, profit taking began after the Chinese PC. The stock markets normally have the best performance between mid-December and the end of the year. But the Fed is forced to pump a gigantic amount of liquidity into the repo market by the end of the year.
About crisis symptoms in the markets – while the US stock indices are still trading within sight of the all-time highs If you look at the absolute price level of the major Wall Street indices […]
About Trump and the US labor market data with its effect on the Fed… Donald Trump celebrated American Independence Day yesterday with a gigantic military parade – and underlined the claim of the USA as […]
US employment data has rarely been as important as it is today! How will the markets react to the data – bad data is good because it increases the probability that the Fed will lower […]