It turns out, he is not alone. As our friends at GaveKal point out, of the end of December, short interest dropped to its lowest level since early 2014, even as stock market indices hovered at new highs, suggesting that a short squeeze into the close of 2016 indeed took place as many trading desks suggested, and may have been responsible for the push higher in equity market toward the end of 2016.
There are five defining stages for the "Trump trade": Trading i) ‘the promise’; ii) the deal-making; iii) the enactment; iv) the economic impact, and, v) the payback. Trump’s press conference last Wednesday drew the line between ‘the promise’ phase, and, the stage where deliverables will become progressively more important. Here is what to expect next.
This is an enormous week in the United States: opening today with the Martin Luther King holiday, and culminating with the Presidential Inauguration. So it’s perhaps interesting to see a small spar between two individuals who are close to each event - Congressman John Lewis, a prominent figure from the Civil Rights Movement era, and President-elect Trump.
"There's a sense that the system is broken," said Richard Edelman, head of the Edelman Trust Barometer. "The most shocking statistic of this whole study is that half the people who are high-income, college-educated and well-informed also believe the system doesn't work."
In effect British Citizens will be punished twice for Brexit, now with much higher inflation, and down the line with a substantial recession when they actually start to experience the effects of leaving the European Union.
As Congressman John Lewis - a prominent civil rights era figure - continues to shun the president-elect (for his illegitimacy), it appears none other than Martin Luther King Jr.'s son is willing to give him a chance. Trump's incoming press secretary, Sean Spicer, announced via Twitter that the two will meet and discuss the civil rights leader's legacy.
A lone shooter fired on a crowd at a nightclub in Playa del Carmen, site of the BPM electronic music festival in Mexico early Monday, leaving at least five people dead and at least a dozen more injured. Local news reports suggest that the shooting came after a 'disagreement' and is connected to ongoing drug cartel wars in the area
Despite federal authorities in south Florida busting the largest food-stamp fraud operation in U.S. history last year, food-stamp recipients can use their taxpayer-funded benefit to order online from retailers like Amazon under a new Obama administration initiative that aims to facilitate the shopping experience for rural and urban residents. It marks the latest of many costly experiments by the administration to expand the fraud-infested program, which has seen a record-high number of beneficiaries under President Obama.
Here comes stagflation. Turkey's biggest headache, its crashing currency, will soon translate into another major problem. According to two senior economy officials, inflation could reach double digits in the first quarter for the first time in almost five years as a result of the lira's falls, even as the government's budget deficit just hit a record high.
"We’re going to have insurance for everybody. There was a philosophy in some circles that if you can’t pay for it, you don’t get it. That’s not going to happen with us. It’ll be another plan. But they’ll be beautifully covered.