It’s Aussie dollar to the moon:
XJO to the moon:
But bonds not buying it:
Big Iron is up on Trump’s $2tr infrastructure notion:
Big Oil is loving the Trump fantasy that he’s on top of oil:
Big Gold is down with Trump’s fantasy that he’s fixed the virus:
Big Banks are up as Trump’s fantasy of an imminent economic reopening will cure bad debts:
Big Realty is up because…Trump:
The stock market has become a singular expression of El Trumpo’s mad psyche. The left was guilty of Trump derangement syndrome earlier. Now it is the right.
I understand the logic. Trump now owns everything. So when he says buy then buy whatever he’s buying.
But opening the US economy is not imminent. The virus remains out of control. And if Trump does force it open then the virus will rip it to pieces all over again.
Buy!
