"May you live in interesting times," really is a curse; and as Bloomberg's Richard Breslow warns, "I doubt things are going to get any less gripping... Whatever else markets are pricing in, risk premiums appear to be too low."
Last week fell into three memorable parts...
The Trump trades were given a severe test, declared dead and held. A trend isn’t broken until it actually breaks. But nothing lasts forever.
Quite a week... this seemed appropriate...
Gold remains 2017's big winner with bonds and stocks close to unch...
Global shares were mixed, equity futures, the dollar and crude rose as investors focused their attention on today's inauguration of Donald Trump as U.S. president. While the early tone is well bid, some traders anticipate a volatile session, with speculation that a bout of "sell the inauguration" could cap the aging Trump rally, which started with his inauguration.
Herd mentality?
Gold remains 2017's big winner, Crude the big loser and The Dow in the red...
In fact The Dow and Small Caps are now red YTD...
Submitted by Saxo Bank's Martin O'Rourke via TradingFloor.com,