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Trump Talk & 'Thucydides Trap' Threat Triggers Market Mayhem Overnight
Trump Talk & 'Thucydides Trap' Threat Triggers Market Mayhem Overnight
Traders are waking this morning in the US to some relative market mayhem and questioning what came first - the oil spike or the geopolitical angst - to trigger these moves as it appears the market finally remembered there's more going on in the world than trading 'short compute' demand to the moon...
Oil prices are up significantly (WTI >$100)...
Bond yields are breaking out everywhere (10Y 4.5%, 30Y UST 5.10%!, 30Y Gilt 5.82% - highest sine 1982)...
Equity markets sharply lower overnight...
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Authored by Gary Abernathy via The Empowerment Alliance,
When it comes to scientific theories, even some of history's most respected and renowned people and institutions have graciously admitted when they were wrong when confronted with irrefutable evidence.
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