RBC's head of US cross-asset strategy, Charlie McElligott wants to "bang you over the head in order to expose the tectonic shift being experienced in markets on the narrative / regime shift."
After a succinct and clarifying commentary:
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...
What else could we use for today...
November was quite a month...
Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday, which sent the USDJPY just shy of 114 and the Yuan to 6.96, the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.
Submitted by Michael Snyder via The End of The American Dream blog,