I must say, I was impressed – – disappointed, but impressed – – when the news stuck that Trump’s bullying of Europe had paid off. I mean, sheesh, is it REALLY that easy to bludgeon an entire continent to bend to your will? If so, then maybe he IS a great negotiator and the master of the art of the deal. It was a shocking rolling-over on the part of Juncker and company.
As of this writing, though, I just want to mention that the “Trump Triumph” explosion to lifetime equity highs seems to have disappeared in an awfully big hurry. I obviously have no idea what things will look like in the morning, but as of this moment…………it’s already gone.
And it’s a bit surprising as to how little it took to unwind this worldwide explosion in asset prices. One. Single. Penny.