Tough To Handicap What Market is Focused On!
A poll released yesterday by FOX NEWS must have been interesting reading for Trump supporters:
Will the impeachment process become an all out battle that drags to the Supreme Court, or will this be wrapped up by the year end, Trump carries on due to support in the U.S. Senate?
I must confess, this puts a lot of things into perspective regarding risk. Granted Greece has improved it’s economic situation but borrowing T-bills at negative rates?
U.S./China trade talks are what the markets are focused on at the moment. We have said that there is a chance for some kind of deal, but we don’t think either side is willing to budge on the big issues. The weakening global economy, lower earnings, lack of movement on fiscal stimulus, geopolitical risks are what traders and investors need to evaluate when allocating risk. We know where we have the global central banks.