“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
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