Probably nothing
Source: Bianco Research L.L.C.
Should we get prepared for a choppy quarter???
The S&P 500 has gained ~1.0% on average in the first quarter after a US presidential election since 1950. It also historically comes with elevated volatility as market swings widen to both directions. On average, the first year of a new presidential cycle has seen an 8.2% average return. Source: The Kobeissi Letter, J-C Parets
President-elect Donald Trump on Tuesday announced a $20 billion FOREIGN investment to build new data centers ACROSS THE UNITED STATES, according to CNBC.
Emirati billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging “at least” that amount, the president-elect said at his Florida home Mar-a-Lago. “They may go double, or even somewhat more than double, that amount of money,” Trump said of Sajwani’s company. The “first phase” of the plan will take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said. Source: Stocktwits, CNBC
Yields spike after somewhat hot US economic data with US 10y now at 4.67%:
ISM Prices Paid Index came in higher than expected, signaling potential future inflation. At the same time, JOLTS job openings unexpectedly increased, with previous month's data also revised upward. Source: Bloomberg, HolgerZ
Markets are heating up Nasdaq just posted its single largest daily volume in HISTORY with 13.4 BILLION shares traded yesterday.
This beats the previous record of 11.9 billion shares on May 16th, 2024. Source: Barchart
A classic Meta to End Fact-Checking Program in Shift Ahead of Trump Term
Source: TrendSpider
Today's market chaos was brought to you by strong eco data (ISM Services headline and JOLTS), a scary Prices Paid print (two year high), and the return of Trump press conference-driven vol.
Source: www.zerohedge.com, Trend Spider
How much longer can this continue before the crocodile's mouth snaps shut?
(S&P 500 in green vs. US 10-year inverted in RED) Source: Bloomberg, www.zerohedge.com
