Emmanuel Macron is the projected winner of the French presidency with 65.5% of the vote.
President Trump pulls the US out of the Paris Climate Accord; Markets Up Today, despite a torn inner circle, President Trump announced his decision to pull out of the Paris agreement. World leaders quickly condemned Trump’s action, with Emmanuel Macron calling the agreement “irreversible”. Markets took the news surprisingly well with other […]
Markets Retreat on Financial, Energy Sectors’ Weakness $1 US markets declined today, led by financial sector woes. Goldman Sachs ($GS) and JP Morgan ($JPM) both gave up more than 1.5% today amid uncertainty over tax reform and financial deregulation. Previous legal losses suffered by the administration on executive orders damps […]
As I briefly alluded to here, market corrections happen… and are a regular part of life. We saw last week that markets are subject to movements as a result of non-fundamental information, like allegations that President Trump leaked unreleasable information to the Russians. With the added allegation that he fired […]
Markets closed slightly down as investors digest several factors, like the French election, oil rig counts, the South Korean election, the after hours firing of FBI Director James Comey, etc etc. Here’s what I can glean…. $1 The secondary and tertiary effects of Macron’s election will be quiet and resounding […]