Trump's Election and the Markets

Discussion in 'Finance, Investments, and Careers' started by crisper57, Nov 9, 2016.

  1. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    Story on Yahoo that says China has said they will start importing US Soybeans again and will act quickly on things they and the US agree with. this is the closest thing yet to confirmation of what Trump said happened at G20, they reached a 90 day cooling off agreement. Part of the spectacular fall yesterday was doubts that Trump was telling the truth.

    So Trump has literally become the boy who cried wolf, he lies so often, that when he apparently told the truth, the markets didn't believe him and panicked and sold off dwarfing the gains from the day before.
     
  2. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    Pretty remarkable comeback in the markets yesterday. The Fed said what people wanted to hear, we see what's going on and we're not totally married to consistent rate hikes. they're still expected to hike the rate in 2 weeks, but might ease up after that depending on how things are going.
     
  3. 82CardsGrad

    82CardsGrad 7 x 70

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    Bad jobs report today should also help keep the Fed at bay... who knows what the markets will do though!
     
  4. Dback Jon

    Dback Jon Killer Snail Contributor

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    Currently down 380
     
  5. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    Nasdaq fell 3 % today, he literally has nothing to brag about anymore unless you're a racist who likes the racist stuff he's done. He has killed the markets now too.
     
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  6. AZCB34

    AZCB34 Registered User

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    He will find something to brag about...no matter how preposterous it may be. I am very interested tio see where we go from here. Unless there is a huge retail win due to holidays can't see where the good news for markets will come from.

    The next earnings season may be telling.
     
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  7. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    Article on Yahoo today saying Trumps legal issues may actually help the markets. He thinks it'll be tougher for Trump to be hardline on tariffs if he's in legal peril, he'll tone down the trade war as a means of garnering sympathy. Interestingly that's exactly what he did today, he came out and started talking nicely with China about ending the trade war, not because he's winning, but because he's losing, the markets are tanking, and it's hurting his popularity. So he said on Twitter great news coming soon on China.
     

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