Rates Spark: Something must give
President Trump's barometer of approval – the stock market – has been flashing 'nothing negative to see here' for the past few weeks. We can't say for sure, but it is quite likely that it has been a factor supporting the US stance to play hard ball. The US may have done that anyway, but risk asset comfort together with a mostly sub-$100/bbl oil price has absolutely helped. President Trump noted flippantly on CNBC earlier this week that he was surprised that equity markets had not collapsed by 20% or worse, and that the oil price had not hit $200/bbl (painting $90/bbl as a win). Understood that this is just talk; ...
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Iran says commercial vessel struck in Strait of Hormuz
Time Traveler: If You Don’t Have An XRP Wallet, You Have Less Than 72 Hours
Apeing Presale Moves Higher: The Next Big Crypto Opportunity Emerges as MemeCore and Floki Drive Meme Coin Interest

The XRP Killer Use, Supply Shock and Clarity Odds Spiking
