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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy the Trump-ban selloff may just be the tip of the iceberg
http://www.marketwatch.com/story/heres-why-the-trump-ban-selloff-may-just-be-the-tip-of-the-iceberg-2017-01-31Traders begging for non-presidential drivers may get exactly that today, thanks to Apple and the start of a Fed meeting.
This week was supposed to be dominated by central banks decisions, earnings, and economic data from across the globe, but with Donald Trump in office, nothing seems capable of taking the spotlight from the White House. That was FXTM strategist Hussein Sayed in a note that pretty much nails the mood.
The jitters look set to stick around today, with some youngsters in for a #SaturdayNightMasscare history-refresher after Trump sent a defiant attorney general packing:
Much debate now surrounds just when to start worrying about politics in earnest, and Sayed has one answer: The major risk looming now is the breakup of the Republican coalition, although this doesnt seem to be the case for now. I believe its going to be the biggest risk to financial markets in the near future, as we end up with protectionist policies without the implementation of fiscal policies, thus triggering a sharp reversal in stocks worldwide.
pangaia
(24,324 posts)Fred Sanders
(23,946 posts)Republicans were aware of that before the election and need to wake up to that reality now as well.
GusBob
(7,286 posts)The fact that the guy who manages my account is a full-blown Trumpster does not help at all
titaniumsalute
(4,742 posts)jpljr77
(1,004 posts)Q4 earnings, largely, have disappointed. I think the past two 1/2 months have been little more than speculation with little real data to support any kind of level. Now that we are getting Q4 and full year 2016 results, reality is setting in.
Oh, and the market realizes that this administration is all about spitting in the eyes of anyone who may or may not have slighted Trump or Bannon or some other thin-skinned crybaby that is making decisions. There won't be any real market-moving policy forthcoming.
cbdo2007
(9,213 posts)be a bad thing for the economy (which is expecting it) or Trump who would get the blame. Would be a good buying opportunity for me as well.