Dow's down 400, 10 year yields aren't showing much flight to quality, oil's down on supply as well as demand concerns... The only saving grace this week is Thanksgiving so maybe there will be a bit of a bounce on short covering heading into Thurs.
Feb lows will probably be tested before any significant bounce. Trump has fucked up on trade to such an extent that the only thing which may help is turfing Ross and Navarro and then heading into the G20 without the two biggest authors of Trump's idiotic trade debacles. Meanwhile, the world economy is definitely slowing, Trump ramped up US deficits at the height of an economic cycle and he better hope that the US can escape recession and that there are no crisis's which will require Govt intervention because he's left very little in the tank.
This is what happens when a multi-bankrupt moron becomes President and decides to govern as if he's building an Atlantic City Casino. He's a genius at living high on borrowed money and bragging about the results. It's pretty much his only talent.
Feb lows will probably be tested before any significant bounce. Trump has fucked up on trade to such an extent that the only thing which may help is turfing Ross and Navarro and then heading into the G20 without the two biggest authors of Trump's idiotic trade debacles. Meanwhile, the world economy is definitely slowing, Trump ramped up US deficits at the height of an economic cycle and he better hope that the US can escape recession and that there are no crisis's which will require Govt intervention because he's left very little in the tank.
This is what happens when a multi-bankrupt moron becomes President and decides to govern as if he's building an Atlantic City Casino. He's a genius at living high on borrowed money and bragging about the results. It's pretty much his only talent.