It took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn’t call that jolting reversal a stock-market crash, the largest one-day point fall in the history of the market (by far) certainly marks a massive change in market conditions. From this point forward, it won’t be the same market it was….
Now that the event has happened, there is not a lot of disagreement on the primary cause, but what I find remarkably telling is how minuscule the trigger turned out to be. There are certainly other dynamics and secondary causes involved than just the little bump in long-term bond interest, but that little bump created an avalanche that went all the way around the world for several days … and may continue to reverberate in the days ahead … and the details are telling….
And this is just a foreshock of the events to come.
—David Haggith
1 comment:
When you attack the deep state this is what they do.
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