Tuesday 3 December 2019

Trump trade drama

US equity indexes closed broadly lower, sp -20pts (0.7%) at 3093. Nasdaq comp' -0.5%. Dow -1.0%. The Transports settled -2.2%.




US equities opened significantly higher, spooked by early morning comments from the US President, who amongst many comments said it would be "Probably better to wait until after the election for the China deal". The SPX duly spiraled to 3070, with VIX printing 17.99.

Trump continued...

... in a rather testy presser with Macron of France.

The afternoon saw a moderate recovery, with the VIX settling +7.0% at 15.96.

*I will add something that appeared yesterday in AH...

... with none other than a reply from the Schiff. It should be clear, Trump increasingly wants a weaker USD. Ironically, many across the world would also like that, not least those governments who have a mountain of dollar denominated debt.

Winter sun for the bears

Cruising high about the capital of Trump

A glimpse through the clouds

Next full moon is Dec'12th
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com