For Nasdaq traders today...
Small Caps (and briefly The Dow) sunk into the red for 2017... (NOTE: the moment Trannies and The Dow tagged unchanged for 2017 a miracle bid appeared)...
Germany has accused the CIA of inciting a civil war by deliberately stirring up anti-Trump rhetoric in Washington D.C. According to Willy Wimmer, the US establishment and intelligence agencies want to ensure Trump’s presidency ends in disaster for the American public.
The last time TCW's Ted Rivelle, whose firm at last checked managed roughly $195 billion, issued a warning was back in late September, when he cautioned that the "central banking Emperors have no clothes... when the supposed solutions to the Fed’s dilemma are merely new “problems,” you know you are approaching the cycle’s end... successful, long-term investing is predicated on not just knowing where the happening parties are during the reflationary parts of the cycle but, even more importantly, knowing when the time has come to leave the dance floor.
Submitted by Jared 'The 10th Man' Dillian via MauldinEconomics.com,
Everyone likes to compile lists of predictions for the new year.
I don’t.
Did you ever notice that when you look at all the failed predictions in any given December, what ended up happening was the opposite of what everyone predicted?
Contrarian Economic Predictions
Given that most predictions end up being wrong, why not just take a look at what passes for conventional wisdom and do the opposite?
Warning: many of these involve Trump.
Risk assets declined across the globe, with European, Asian shares and S&P 500 futures all falling, while the dollar slumped against most currencies after a news conference by President-elect Donald Trump disappointed investors with limited details of his economic-stimulus plans, and the Trumpflation/reflation trade was said to be unwinding.