"The #1 inquiry yesterday far-and-away was “what is driving this move?!” with S&P ripping to all-time highs and fixed-income getting hammered. My simple take: the market was finally seeing the Trump which they’d been hoping for over the past few months. The administration made Tuesday a day of “pro-growth” policy and “deregulatory” action, with the scissors out for bureaucratic "red tape."
Faced with a Tweeter-in-chief, how are investors to navigate what’s ahead? Is there a strategy behind President Trump’s outbursts; and if so, how shall investors position themselves to protect their portfolios or profit from it?
The day the Dow crosses 20,000 may finally be here, because with DJIA futures trading 65 points higher in premarket trading, added to yesterday's close of 19,912 and latest record high in the S&P, it means that all it will take is a modest of only 25 points for the critical Dow threshold to be finally breached.
Gold has risen every day except one so far in 2017, building on the 8.1 percent gain in 2016. Fears of "calamitous self-harm" and contagion in the EU from BREXIT and Trump dollar comments pushing gold higher ahead of "I Day" - Inauguration day ...
Without much fanfare at all, on Friday Citadel announced it would pay $22.6 million to settle allegations that it "misled clients about pricing trades", a euphemism for it was frontrunning its clients.
European shares rose as Fiat rebounded on hopes concerns about parallel to Volkswagen are overblown, Asian stocks were little as Chinese shares fell to the lowest level of 2017 after poor export data, and U.S. equity-index futures rose ahead of a deluge of bank earnings. The dollar is headed for a weekly loss and gold trades at the highest price in almost two months.
Facebook just can't seem to catch a break lately. From questionable privacy policies and mass data collection of its users to its handling of the so-called "Fake News" epidemic, Mark Zuckerberg is pissing off a lot of people these days.