Investors are keeping their fingers crossed that the negative headlines are over. I think they are going to be crossed a long time. Personally, I believe the president's troubles are only going to get worse. However, we have lived through problems with past presidents and the world did not come to an end. That does not mean the steady drip, drip of negative news will not convince investors to take some risk off the table.
On the plus side Fed Chairman Jerome Powell will speak at the Jackson Hole symposium Friday morning and there could be a dovish surprise. With President Trump taking aim at Powell and the Fed this week for hiking rates too fast, Powell could tone down his remarks about future hikes while still trying to remain politically independent. No government or high-ranking official wants to get into a Twitter war with the president so Powell may try to sidestep the issue and that could be seen as somewhat dovish.
New positions are only added on Wednesday and Saturday except in special circumstances.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays