Politics is the word today. The stock market is breaking on the concerns over the white house. Is this the high for a significant correction. The dollar continues to struggle over the same concerns. Lets not loose sight of the fact the dollar has rallied for a number of years. A correction has been Due. The crude continues to bounce off recent lows. The fixed income is rallying.
Lets look at the reality. Trump is not impeachable. At least not for the theories being floated. The dollar will regain its strength at some point. The Euro rebound only has legs for so long. The crude is amply supplied to the world,the us production growing on a macro sense,as well as bio fuel blending.The energy Path is down over the long haul. The highs are in bonds. Not sure how far this rally goes, watch closely. look at 5 and 10 yr vs bonds. In the end we are entering a new era of politics. It is more than dirty. Expect more of the same. Be focused on the markets. Quantify the risk.
Be Well