HEI: Powell press conference showed why Fed should stop talking
THE HEISENBERG writes: If you took anything away from the past 24 hours in markets, it ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
THE HEISENBERG writes: “I was struck on Monday by US equities’ inability to extend Friday’s post-NFP gains despite a trio of ostensibly positive developments on the trade front.
“Although the behind-the-scenes USMCA drama has played second fiddle to the on-again, off-again relationship between Presidents Trump and Xi, markets have never been enamored with the prospect of ‘new NAFTA’ being trapped in legislative limbo amid the impeachment probe. So, it was good news on Monday when The Washington Post (citing AFL-CIO President Richard Trumka) first reported that the long-stalled trade pact was likely to move ahead. Bloomberg later published a similar piece previewing a “handshake deal” between Bob Lighthizer and Nancy Pelosi.”
To read the full story, please click here.
Comment on this article