The “Trump= DOW 25K” Crowd is about to Get Taken to the Cleaners
by Phoenix Capital…
ZeroHedge.com
Jan 25, 2017
The markets are completely misreading the Trump Presidency.
Since Trump won the election, the $USD has surged above 100.
The consensus view is that Trump’s Presidency will continue to maintain a strong $USD. This view is beyond incorrect. The surge in the $USD has in fact been based on the Bank of Japan taking advantage of the window between the election and Obama leaving office to aggressively devalue the Yen.
You can see this playing out with the S&P 500 tracking the USD/Yen pair almost tick for tick from election night.
The Rest…HERE
