Saturday, 4 February 2017

Trump inspires the market

US equity indexes ended the week on a broadly positive note, sp +16pts @ 2297. The two leaders - Trans/R2K, both settled higher by 1.5%. VIX settled -8.0% @ 10.97. Near term outlook offers the sp'2310/20s, the 30s on a stretch, by week commencing Feb'13th.




US equities ended the week on a broadly positive note. Partly, it was due to what was arguably 'goldilocks' jobs data. However, it was unquestionably the case that mainstream clown finance TV coverage of the latest Trump meeting with another group of corp' CEOs inspired equities upward.

Such coverage has taken the place of Fed' officials touting 'low rates' or 'possible new QE'. Its progress.. you could say.

Goodnight from London

*the weekend post will appear Sat' 12pm EST, and will detail the World monthly indexes. It remains my most important post each month.