Housekeeping: This is the PM GoldFix post combining AM emails with additional intraday posts.
Market Recap: No Punches Pulled
Given the electoral outcome this made perfect ( painful) sense. Trump won decidedly; and leaving no doubt is what made markets do what they did. There are plenty of drivers to take this market higher in the second half of the year. China, BRICS, Debt monetization… geopolitics.
However, the most important drivers right now are Macro Discretionary Funds and American ETF investors.
Continues at bottom…
Morning Rundown:
Macro-Economics/Commodities:
Geopolitics/Elections:
Founders:
Founders First Takes: Rabo's Every Gets it Right
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Housekeeping: Some of Michael Every’s best on the spot analysis of what went down followed by the best pieces we’ve seen covering events thus far by Goldman and JPM.