Global reflation ahoy! DXY down.
AUD up.
Lead boots up.
Gold’s stall is signalling DXY may be running out of downside soon.
Metals reflation.
Miners up for a day.
EM breaks out.
Junk breaks out.
Yields melting down.
Stocks melting up.
Buy all the things. Except DXY and European stocks, apparently.
The market loved the global reflation of Chinese and Europe fiscal earlier this year. Now it loves the Trump fiscal instead.
With inflation so far quiescent and the Fed to come in next, it’s party time.
Then there’s the deal.
The US and China have finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick said.
“That deal was signed and sealed two days ago,” Lutnick said Thursday in an interview with Bloomberg Television.
The agreement codifies the terms laid out in talks between Beijing and Washington in Geneva earlier this month, Lutnick said. The US and China held a second round of negotiations in London this month after both sides accused each other of violating the earlier agreement that saw both countries lower tariffs from very high levels.
Not much there, but buy anyway!
Trump wants a boom and will have a boom.
AUD to grind upwards until the bust.
