JPMorgan: “Comey’s Dismissal Saps Trump’s Political Capital At The Worst Possible Time”
by Tyler Durden
ZeroHedge.com
May 10, 2017
With so much taking place overnight, and confused global market whipsawing in the aftermath of a barrage of political, geopolitical and earnings news, here is another recap to follow our traditional market wrap, this time courtesy of JPMorgan, focusing on the key things that are happening this morning.
From JPM’s Adam Crisafulli
Market update – Asia saw mixed price action, Eurozone stocks are off small, and US futures are down a few points.
What’s happening this morning? There are a few moving pieces this morning. Trump managed to go a few days w/o controversy (a relatively long stretch for the current White House) but the Comey firing is by far the biggest headline of the night. As far as the market is concerned, Comey’s dismissal saps Trump’s political capital and weakens relations w/Congress at the time when he is trying to move an ambitious pro-growth agenda through the Senate and House.
The Rest…HERE
