Authored by Gluskin Sheff's David Rosenberg, originally posted op-ed at The Globe and Mail,
When I was on CNBC on Monday afternoon, the discussion was over this stellar stock market performance of the past month, otherwise known as the “Trump Rally.”
http://player.cnbc.com/p/gZWlPC/cnbc_global
Let’s examine it a little closer, if you don’t mind.
Submitted by Dennis E. Miller,
Is Janet Yellen trying to screw Donald Trump?
No, I’m not asking for possible titles to a porn movie (“Trump Gets Janet Yellin’” or “Trump Puts Down Ol’ Yellen”). But it really does seem like the Federal Reserve Chair(wo)man is out to get the Donald.
There’s a lot to be worried about going into 2017 both in terms of financial markets and in terms of geopolitical concerns.
The consensus around 2017 being the year of the dollar has clear vulnerabilities, according to Bloomberg's Mark Cudmore, who notes that there’s a strong self-correcting impulse to dollar strength.
I’ve just returned from a week in New York that included meeting a number of FX traders from several different firms. And the one view that was repeated again and again, with conviction, was that next year will see the dollar roar.
European and Asian markets rose, while U.S. index futures were little changed, with the Dow Jones Industrial Average pushing for yet another record, as traders digested the Italian referendum news, await the ECB's Thursday announcement and reflect in a notably quieter overnight session. Oil slipped from a 16-month high after 4 straight days of gains, as doubts emerged about how OPEC will implement the first supply curbs in eight years. European bonds gained with stocks.