With most expecting Trump to strike North Korea as part of his next foreign military adventure-cum-distraction from the chaos in D.C., the president once again surprised everyone by pulling a lighting bolt, striking twice in one month in the same place.
The Assault on Trump
Paul Craig Roberts
We are witnessing an assault by the national security state and its liberal media on a President of the United States that is unprecedented.
Donny Boo Boo has become Donny Boo Hoo. He ain’t DJ Khaled, because for Donny it’s, “All I Do is Whine”.
Who, but the Narcissist-in-Chief and King of Superlatives, could go to a graduation ceremony---the Coast Guard of all places---and make just about the most important day in all those young persons’ lives all about HIM.
“Look at the way I’ve been treated lately, especially by the media….no politician in history, and I say this with great surety, has been treated worse and more unfairly”. Kleenex, please! Oh, you poor victim!
European and Asian stocks slumped on Thursday following the worst one-day drop in US stocks in 8 months, while S&P futures tumbled to session lows, down 0.3% to 2,350 after initially posting a modest rebound, following a new Reuters report alleging that Trump campaign members communication with Russians on at least 18 occasions, and which prompted today's risk off mood sending the USDJPY crashing by 100 pips from overnight highs of 111.40.
Yesterday's market dump, the biggest one-day selloff in eight months as concerns about the stability of the Trump administration and concerns about a potential Trump impeachment finally slammed risk assets hard, is also a one-off event. At least that's the opinion of Bloomberg commentator and former trader, Mark Cudmore, who overnight wrote that "without some major new developments, it’s unlikely to be the start of a severe correction. In fact, the worst is probably over already for U.S. equities, for Treasury yields and for the dollar."