Apparently, having nothing else to comment on this morning, moments ago the president tweeted that as of this moment, the S&P just hit its latest, 40th YTD, all time high in 2017.
"RECORD HIGH FOR S & P 500!"
RECORD HIGH FOR S & P 500!
— Donald J. Trump (@realDonaldTrump) September 29, 2017
By Chris at www.CapitalistExploits.at
Today we have something rather special to share.
It's a collection of some premium content from our Insider program, where I answer members' questions live over webinar. We cover all sorts of things, including:
Authored by Damir Kaletovic via OilPrice.com,
Sources have told Reuters that the Saudi drive to get OPEC on board with production cuts last year - threatening to quit the bloc if members disagreed - was in part meant to maximize Aramco’s valuation with higher oil prices ahead of its planned IPO.
An Aramco IPO changes everything for OPEC.
The dollar rally paused on Friday and looked poised to finish its best weekly gain of the year with a whimper, when in a repeat of the Thursday session the, Bloomberg dollar index first rose more than 0.1% during Asia hours before slumping around the European open as month and quarter-end flows came into play again.
Whether due to Yellen's renewed hawkish push and sudden optimism Trump's tax reform will pass, or - as SocGen suggested yesterday - Chinese FX policy driving both the USD and 10Y yields....
... the dollar has seen a dramatic rebound since the first week of September after hitting a 2017 low at the start of the month. But how much longer can this recent spike persist?