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A Bearish David Rosenberg Re-Emerges: "Fade This Rally" As "Trump Will Engineer A Return To Deflation"

A Bearish David Rosenberg Re-Emerges: "Fade This Rally" As "Trump Will Engineer A Return To Deflation"

While the majority of sellside analysts predict that the impact of Trump's fiscal stimulus policies will be largely beneficial for US inflation and economic growth, if only in the short-term, with a knock on reverse effect following shortly after...

... one prominent strategist disagrees.

According to a recent report from Gluskin Sheff's David Rosenberg, in which he lays out is "out-of-the-box" call for 2017, "Trump will accidentally engineer a return to the disinflation trade" in the coming year, well ahead of most expectations.

The Fed's Fantasy Vs. Reality

The Fed's Fantasy Vs. Reality

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Dow 20,000

Last week, I noted the market’s push toward the market milestone of 20,000. To wit:

The Dow broke above 19700 and is within striking distance of the ‘psychological’ summit of 20,000. With just 250 points to go, it is extremely likely traders will try and push stocks to that level by Christmas. Woo Hoo!”

Monte Paschi Launches Share Sale To Avoid State Rescue As Germany Warns Against Taxpayer Bailout

In a last ditch attempt to avoid a state bailout, on Monday Italy's Monte Paschi will begin a share sale process as it aims to complete a capital raise of €5 billion ($5.2 billion) before Christmas, Bloomberg reported overnight. The bank will canvass institutional investor interest through Thursday, while the offer for retail investors will end on Wednesday. As the lender didn’t provide terms of the offer, the price and total number of shares to be sold will be determined based on investor demand and on the outcome of the separate debt-to-equity swap which started last week.

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