I repeat once again, as I have mentioned so often in the last few weeks: A rogue who thinks evil of it!
By now, even the last one should (hopefully) have realized which president in this world cares the least about his own country.
In this case, of course, it was a dilemma: if you nominate the puppet, you make yourself a permanent and irreparable enemy of the markets (it already was, but okay), if you nominate the hawk on the FOMC, you send the markets on a downward spiral in the same way (but ideally only temporarily).🤷🏼♂️
You can't make this stuff up. The tills are ringing with family and friends. Now quickly flatten Iran at the weekend and then precious metals will be on the rise again on Monday.
EVERY Friday sell-off in the recent past has happened for a reason.
@Simon_n high interest rates = poison for unproductive assets + highly valued, unprofitable growth stocks... the FED Chair nomination implies a cautious approach, possibly fewer cuts etc.... Ergo: negative for almost everything at the current valuation level.
@Get_Rich_or_Die_Tryin Yes, the fact that Trump is actively influencing the market for himself and his buddies is proven by the video in which he boasts to some of his supporters after last year's tariff crash about how much money they made through him within a very short time.
Two of the reasons for Trump to hold the office of US President are: Self-congratulation and self-service. In terms of robbery and patronage, this government is in no way inferior to most failed states in the third world.
@BavarianLion so 10 ounces of silver for 10 ounces of gold has unfortunately not yet been enough. But I am also holding silver on a +40 year time horizon