Macro Morning (Trading Week)

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By Chris Becker 

The Jackson Hole conference on Friday shook up risk markets, sending the USD lower, bonds higher and kept stock markets on their toes. The double warning from Yellen and Draghi on financial deregulation puts another headwind in front of the risk-on crowd, still wary about the Trump’s administration to get anything done, although the “tax reform” (read: bonuses for financial industry at expense of middle class Americans) agenda may have some legs.

As usual for Monday mornings, I’ll take a step back and look at markets with a longer term view as my “Trading Week”.

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