The Dow soared non-stop (along with a VIX crash), seemingly on the heels of Senate Democrats' $1 trillion infrastructure plan...(NOTE - VIX was crushed into the close and stocks also fell!)
US equity futures were flat, European stocks rose and Asia was mixed after the dollar posted a modest rebound overnight despite Mnuchin's "strong dollar" comments, while oil was flat and gold fell, as investors focused on President Donald Trump’s plans to boost growth. The pound fell after a U.K. court ruled that Parliament must vote on triggering Brexit.
Via Artemis Capital Management,
Was it really that easy - Buy The Election (hope), Sell The Inauguration (reality)?...
The Dow continues to cling to unchanged for 2017 (small caps red)...
Since the inauguration...
One week after RBC's Charlie McElligott pointed out that the "someone is going to get hurt badly" in the upcoming clash between leveraged and real money investors in 5Y bonds, whose divergent opinions on the future of interest rates, and thus inflation, has reached record levels...