Looks like Donald is starting by making the Dow Jones great again.
Printable View
Looks like Donald is starting by making the Dow Jones great again.
Markets probably liking the certainty of the election being over and a clear result. Add to that the believe by some commentators that the stock market will actually do well under Trump once you cut behind all the rhetoric. Trump is a wealthy man and I'm sure he intends to stay that way so he needs to instill confidence and his speech did that by promising economic growth and prosperity.
U.K. 4% of the global economy, USA 22%, 5 1/2 times the size. Trump calling for protectionist trading policies, lumping 45% tariffs on anything out of China.
TPPA is dead in the water. Putin looking to make friends with America but contemporaneously looking to expand their territory and what of China's overt expansion plans in the south China sea ?
Interesting times ahead. One conciliatory speech doesn't set the tone for his presidency. Actions speak louder than words and I believe he's a loose cannon. Lets see how this plays out mate.
Dow up close to 300 points, and nearly within a 100 point range of an all time high, making it near 1200 point swing in the past 24 hours...
This is just no fun! PS, If anyone still wants to panic sell a few HBL at $1.37, please let me know ;)