By Chris Becker
The major problem facing macro markets is a neophyte US president unable to turn his sales pitch into actual policy with a big fail in Congress trying to “reform” healthcare late last week. This lack of confidence is upsetting market watchers, who have hinged their bullish hopes on “huuge” spending in infrastructure and military. While we’re not in correction territory, this is a theme dominating all markets.
As usual for Monday mornings, I’ll take a step back and look at markets with a longer term view as my “Trading Week”.