Open Letter to Jared Bernstein
Trump and the Art of an OPEC Deal
The Donald’s America will be a global oil powerhouse. A deal can make OPEC great again.
Election will push Fed rate hike to December, CNBC survey respondents say
The market is similarly divided over recent comments by Fed Chair Janet Yellen that there could some benefit to running a "high-pressure economy," with 49 percent saying the Fed should run one and 43 percent saying it shouldn't. "It's hilarious that Yellen thinks, at this point, she has the power to wave a magic wand and 'run a high-pressure economy,'" wrote Donald Luskin, chief investment officer of Trend Macrolytics.
Dow eclipses 19,000 for first time in history
Whether the bullish hype turns out to be the right trade remains to be seen, as Trump has yet to get the keys to the White House or make one of his campaign promises come true.
"Whatever else the future holds, Trump has already made the U.S. stock market great again," Don Luskin, chief investment officer at investment firm TrendMacro, told USA TODAY.
Favorite Things - 2016-11-22
Venezuela’s Nemesis Is a Hardware Salesman at a Home Depot in Alabama
A Crisis of Authority—II
Are Bonds a Threat to Stocks?
Higher yields point to a better environment for equities, and a falling equity risk premium.