Another miraculous overnight recovery has eliminated all the bearish aftertaste from the failed Italian referendum. As Guillermo Sampere of MPPM EK put it: "After Brexit, it took three days for markets to shake it off, with Trump it took three hours, with Italy it took three minutes.The fast money, who expected markets to fall further with this outcome, are now covering their positions."
So who/what was most to blame for Hillary's loss? Was it Bernie Sanders, Putin, James Comey, "Fake News", Julian Assange, White Supremecists, The Electoral College, Jill Stein...certainly it wasn't Hillary.
According to Philly Voice, an updated count Friday by state election officials shows Trump’s lead over Democrat Hillary Clinton has shrunk from 71,000 to 49,000. If this new number is accurate, Trump’s lead is at 0.8 percent, down from more than 1 percent. That is still shy of Pennsylvania’s 0.5 percent trigger for an automatic statewide recount.
Ford CEO frames the "ask" for starting negotiations with Trump centered around less restrictive fuel economy standards, currency-manipulation rules that promote free and fair trade, tax reform and safety guidelines for autonomous vehicles.
In the first of what Mike Pence called "several very important announcements," Politico reports that former Labor Secretary Elaine Chao is set to be announced later Tuesday as President-elect Donald Trump’s choice to lead the Department of Transportation.
With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that "there will be very important announcements tomorrow."
"We are entering a very dark phase in this battle to retain our liberty," warns Armstrong Economics' Martin Armstrong, adding that "this is the most dangerous period we are heading into for governments will respond only to their own self-interest to survive."