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MAGA Mayhem and Higher Share Prices


“Markets are supposed to hate uncertainty. And there can hardly be anything more uncertain than Trump
going after foreign oil reserves one week and domestic credit card issuers the next. The reaction, though?
Equity and bond 'fear gauges' such as the Vix and Move indices are asleep.
On the other hand, American, European, Japanese and emerging share prices are dancing ever higher.”

“Judging by the hundreds of emails I have received, this contradiction has investors in a proper muddle.
Some finance pundits are clueless too. Nothing Trump does seems to damp animal spirits.
Even gold, the exception that proves the rule, has a party-like feel to it these days.”

https://archive.ph/DoDGe

Comments

  • Will be interesting to see whether the recent shift towards buying International stocks & bonds instead of a US focused approach will pan out.
  • JD_co said:

    Will be interesting to see whether the recent shift towards buying International stocks & bonds instead of a US focused approach will pan out.

    I confess to current holdings in Panama, Puerto Rico and Singapore. I'm not unhappy, yet.
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