Financial markets continue to edge higher as the prospect of a second Trump term looks more and more probable as the corrupt Democratic Party’s ‘impeachment’ Stalinist show trial crumbles under the weight of the truth.
The tariff war with China seems to be fading from material importance to markets as traders began to foresee record economic growth during Trump’s probable second chance at bat.
Equity markets are hovering around all-time highs and bond market yields are steady in the face of mixed economic data.
Consumer confidence fell to 125.5 vs 126.1 in the previous month. However, Consumer confidence expectations rose to 97.9 vs. 94.5 last month.
New homes sales in October came in above estimates at .733M vs .7 consensus estimate. Home prices also continued to rise.