November 17, 2016
AYO HOL UP – Didn’t the Jewish media tell us that our economy would totally collapse if Trump was elected? Because the opposite is happening, and he doesn’t even take office for two more months.
Oh well. I guess it is just like the polls, where they just totally were unaware that they were faking them. All honest people make honest mistakes. It’s just a part of being human. Or reptoid.
The U.S. dollar index touched a near 14-year high on Wednesday, while oil prices fell in a volatile session as traders were caught between a build in U.S. stockpiles and the chance of an agreement on an output cut.
On Wall Street, declines in bank stocks more than offset gains in the technology sector. The S&P 500 had ended on Tuesday at a 10-week high while the Dow industrials set a record close, fueled by a post-U.S. election rally.
“People with money on the sidelines are looking for a place to put it. They’re looking for names that haven’t rallied as much and ones that have rallied are taking a bit of a breather,” said Paul Hickey, co-founder at research firm Bespoke Investment Group in Harrison, New York.
The dollar has surged in the past week, tracking Treasury yields higher on the expectation that increased U.S government spending could trigger higher inflation and force the Federal Reserve to tighten monetary policy more quickly than expected.
U.S. President-elect Donald Trump’s plans to cut taxes and increase infrastructure spending could boost economic activity while adding to the deficit, and his proposals to deport illegal immigrants and impose tariffs on cheap imports are seen driving inflation higher.
That prospect triggered a selloff in U.S. bonds that lifted yields across the board, and raised expectations that U.S. interest rates will rise faster than previously anticipated, giving support to the dollar.
U.S. interest rate futures are pricing in an 81 percent chance of a rate hike of 25 basis points at the next Fed meeting, scheduled for December.
The dollar index, a measure of the greenback’s value against a basket of currencies, hit 100.57 , its highest since April 2003. It was last up 0.14 percent at 100.37.
Of course the Jews are plotting to raise interest rates next month as revenge on the goyim for electing Donald Trump. They will use any excuse for this. Raising interest rates could slow the economy, probably cause another housing bubble pop, and they will blame that on Trump.
But the fact of the matter is that early signs show clearly that the market has faith in Trump. The apocalypse the Jews predicted isn’t happening.