By Chris Becker
A quiet night on Wall Street as markets react to Comrade Trump’s continued political troubles with the USD selling off against the majors. Volatility however is starting to spike everywhere, as bond markets remain cool to the Fed’s unchanged stance and instead focus on Congress and the lack of progress to embiggen inflation.
Yesterday the Shanghai Composite closed down 0.3% after being up slightly mid-session, to be at 3203 points, just holding above previous resistance at 3200 points. The daily trend is still firm as momentum stalls here, but the upside target is quite limited at 3300:
