Business

For Bondholders, Big Tech shareholders, and Mexicans, here's the message...

Well if you thought November was turmoily, December is off to a turmoilier start...

When we last looked at the performance of deep discount retailer Dollar General three months ago, we found something troubling: company CEO Todd Vasos, who badly missed its earnings expectations, admitted on the Q2 conference call that he was surprised to admit that while on the surface things are supposed to be getting better, the reality is vastly different for low-income US consumers:

After securing a deal to save 1,100 jobs at a Carrier plant in Indiana from being exported to Mexico, Trump is set to kick off his Midwest "Thank You Tour" with a speech there which is expected to get started around 2pm EST.

Having predicted the Donald Trump victory, and nailing the upturn in US Treasury yields as well as the concurrent stork market rally, DoubleLine's Jeffrey Gundlach appears to have once again taken the other side of the trade after riding it for the past 3 weeks, and is now considerably less exuberant on Trumponomics.

Speaking to Reuters, Gundlach said that markets could reverse the recent momentum in equities (something they appear to be doing this very moment), and at the very latest by U.S. President-elect Donald Trump’s Jan. 20, 2017 inauguration.

By EconMatters