“As summer comes to an end, and investment committees meet in early September, I don’t see how at the margin, America doesn’t get a downgrade from asset allocators throughout the world. The simple fact is that the much hyped Trump optimism has been sorely misplaced.”
“You know what? It’s fine.”
While we’re reasonably sure the dip buyers will show up at some point (God bless ’em), they better get on the job fast or they’re going to have a lot of work to do.
Heads up, it is ugly out there folks.
TRUMP TO SIGN EXEC. ORDER RELATING TO INFRASTRUCTURE PROJECTS
And now back to your regularly scheduled rally.
Ok, so “what hath Trump and Kim wrought” for markets 24 hours on?
So get to work Kuroda. Here’s a dip for you to buy.
“The BOJ has done what it can with monetary policy. It can’t be helped.”
“…at the turn of the tide.”
So “dovish” it was, or at least “dovish” was the market’s read on the Fed statement. The language on the outlook for inflation was timid and “relatively soon” on the balance sheet gives them an out if they end up needing it. “The post-meeting statement noted that the Committee expects to begin balance sheet normalization…
“We think the timing would be good for investors too to remember to what they owe their improvement in fortunes”…
“Another wave of selling was evident after the trade was published, potentially spooking the market.”
This isn’t exactly a “no-brainer.”
Thursday was all about people who might have gotten away with murder…