Oil is priced for geopolitical perfection. Venezuela is far from perfect, and getting worse.
A big beat, driven by hiring by small businesses not distracted by Washington “chaos.”
...Donald Luskin of Trend Macrolytics thinks Mr. Trump has every right to take credit for rising markets. In a note to clients this week he acknowledges the view of many investors that “all of the pro-growth hopes and dreams that flourished right after Trump’s surprise election have now been crushed by the swamp, and Trump’s own seeming self-destructiveness.”
In another week of Washington chaos, a protectionist barrier to tax cuts just got removed.
We still say Yellen, if she wants it. At least Trump is looking away from tight-money zealots.