President-Elect Trump Acceptance Speech

Against the odds and what most analysts predicted, President-Elect Trump pulled off a convincing victory in the Electoral College where he may reach 300 votes. He outperformed and won in some states which were thought to be blue: Pennsylvania, Wisconsin, and likely Michigan. He won the swing states he needed to win: Florida, North Carolina,…

Two Elections In The QE Economy

I am following two elections in the QE economy this November. The first election is the presidential election on November 8th. The second election is the Tesla-Solar City merger. Both elections will affect the market in different ways. Both are also symbolic of the way our current economic system is set up. It rewards those…

It's a Trump Market

In a past article I mentioned how the chances of Trump’s election rising would cause the market to decline because his monetary policy statements have been critical of the current administration’s dovish policies, which I call a Trump Market. If the current policy was hawkish, the economy would crater. A Trump election could cause a…

A Trump Fed?

The new announcement that the FBI is re-opening its investigation into Hillary Clinton’s emails has moved the polls in Trump’s favor, creating a type of "Trump Fed", with many having him trailing in the low single digits nationally. This puts the possibility of Trump winning the election back onto the table if we assume they…

Goldman Warns Big Drawn Down On The Way

Remember last year, when Jamie Dimon jumped on the bond market liquidity bandwagon and warned that harrowing bouts of flash crashing madness like what unfolded in October of 2014 with USTs were likely to happen with increased frequency? As a reminder, here's what he said: "Treasury markets were quite turbulent in the spring and summer…

Here’s How One Bank Thinks You Should Trade The US Election

This week was, like last week, mostly about the Fed and about oil. Friday isn’t set to be any different as Janet Yellen will have what’s being billed as a “discussion” with Harvard econ professor Greg Mankiw at 1:15 ET. In a nod to central bank humility, the professor and the chair will talk “about…