CD Media
Markets

And….Here’s The Black Swan We’ve Been Warning About

We didn’t know where it would come from, but we thought it would come — a black swan to take the risk out of the financial markets.

Now we may have it — the renewed Democratic Party effort to impeach President Donald Trump, and reverse the results of the 2016 American presidential election, over alleged wrong-doing pointing out Joe Biden’s obvious corruption dealing with Ukraine while Vice President of the United States.

We don’t think the selloff will be long-term, and we don’t think Trump will be impeached, and certainly not removed from office, so the gogo years of the Trump presidency will continue. However we could see a substantial downdraft if markets believe that will happen.

In economic data today, the S&P/Case-Shiller Home Price Indices (YoY) (Jul) came in at 2.0% vs consensus estimate of 2.2%.

MoM for July the numbers were 0.4% vs 0.3% estimate.

Related posts

Russia Looks To Add Sovereign Debt To Its Low Levels To Get Through Pandemic

CD Media Staff

Risk On! But Will It Last?

CD Media Staff

Markets Move Slightly Higher On Trump China Trade Comments

CD Media Staff

Leave a Comment