Trump knows how important Turkey is to the NATO alliance... A rupture between Washington and Ankara could see the vital US bases at Incirlik and Adana thrown out of Turkey. That’s why Trump needs to tread carefully...
... Now they’re restarting QE while assuring us it’s anything but QE – and no one can afford to miss another leg higher. The irony is that the worst possible thing for this market would be a pause in the bad news.