In a relatively quiet session, which may see US traders sleep in a bit after last night's Superbowl thriller, European and Asian shares rose ahead of Mario Draghi’s testimony at the European Parliament, while US equity futures were fractionally higher (up 0.1% to 2,293) after stocks jumped the most in a week, as traders assessed the trajectory for interest rates while scrutinizing every new Trump tweet.
Submitted by Adam Taggart via PeakProsperity.com,
murder: a flock of crows
~ Miriam-Webster dictionary
It seems many are starting to tire of President Trump’s outbursts already, but as Bloomberg's Mark Cudmore notes, while this might be worrying on a geopolitical level, it’s a positive for markets... until, of course, it's not.
Trump comments are becoming a catalyst for jokes rather than market moves. Yesterday it was revealed that Trump told Mexico’s president that he might send troops across the border and the concept barely registered across assets.
Gold is up, stocks are dead, vol is dead, bonds are flat, mcro data is disappointing, and Trump is rattling sabres...
Small Caps and Trannies remain red post-Fed, Dow, Nasdaq and S&P are barely green...
After a phenomenal 2015, in which JPM's head quant Marko Kolanovic as if by magic managed to correctly call every major market inflection point ahead of time, he found 2016 far more challenging, although toward the end of the year, he did get a second wind, and his key predictions since the Trump election have panned out, as he himself note in his latest note: