Tuesday, 24 March 2020

Trump juicing markets into the election

Trump just needs to elevate assets until the November election, after that he does not need to care 



While the Fed can pin IG credit, HY and equities need some cyclical support so investors buy into the 'recovery story' 

So the fiscal package is a political/ election issue but should get passed 
 
He also needs to stop the oil price war to avoid or ameliorate an oil capex brick wall in Q3 sending the mid-west into a recession 

As I have said before; now up, now down, like a bucket in a well.

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