Hell Hath No (Fire And) Fury.

What can we say about the week the Trump administration just suffered through that hasn’t already been said about Afghanistan? “It looks bombed out and depleted”…

 

Thanks in no small part to Trump’s tirade and legal threats, Michael Wolff’s new book, “Fire and Fury: Inside the Trump White House” was released early, and by “early” we mean today.

Here’s how that’s going so far:

Bigly. For a little extra dose of comedy, here’s what Trump’s lawyers sent to Wolff on Thursday:

Mr. Trump hereby demands that you immediately cease and desist from any further publication, release or dissemination of the book, the article, or any excerpts or summaries of either of them, to any person or entity, and that you issue a full and complete retraction and apology to my client as to all statements made about him in the book and article that lack competent evidentiary support.

Dear Mr. President: How’s that workin’ out for you? 

In need of a distraction, Trump turned to the only thing he’s got left… the stock market:

Yes, “Jobs, Jobs, Jobs.”

Speaking of which:

Jobs

To be fair, average hourly earnings printed in line, so the payrolls report wasn’t a complete disaster, but the headline number missed “big league” and that led to an immediate knee-jerk lower in the dollar, which later recovered.

DollarYields

Friday’s rebound off the post-NFP lows notwithstanding, the greenback is more “beleaguered” than Jeff Sessions after a Trump twitter tantrum. DXY has fallen for three straight weeks and the Bloomberg dollar index for four, with that latter stretch representing the worst string of weekly declines since May.

DXY

But here’s what you really care about: this was the best week since early December 2016 for the S&P and the Nasdaq:

Stocks

And this is the annotated path to paradise via WSJ:

Missed2

Best week since August for mom-and-pop high yield:

HYG

Up, up and away, but remember: hell hath no fury like a bear that’s been gouged in the fucking eye with a stick over and over for damn near a decade.

The loonie was the big winner on Friday, surging after a blockbuster December jobs report in Canada. The jobless rate north of the border is the lowest in 40 years.

Loonie

Best opening week to a year for crude since 2013:

WTI

Great start to the year for Europe:

Europe

And here’s Asia on the week:

Asia

Any questions? Just buy it all.

Finally, for your moment of zen we go to Sarah Huckabee Sanders who will not-so-patiently explain to you how people should “obviously” be concerned about “peddling fake stories” and “saying things that aren’t true” – something she wouldn’t know anything about. “Believe me”…

Advertisements

9 thoughts on “Hell Hath No (Fire And) Fury.

  1. Sara MIKE HUCKABEE Sanders. I can’t remember a press secretary of either party that was such a poor representation of the US Presidency. She has a heavy regional accent that is difficult to understand at times and articulates like a yokel, her excessive weight is unhealthy – a poor example to the country’s youth, and her placement is a painfully obvious pay-off to religious conservatives that her father Mike Huckabee brings to the Trump feeding trough. What happened to Trump’s promise of supporting people that are competent and present themselves as “winners.” Not that she is the only bad example in this administration.

  2. Durwood and Murphy,

    No payoff. She’s a great spokesperson. Love her accent! Murph, surprised you have sunken so low and Durwood — your Mom would not be happy.
    Ed

Speak On It