Trick or Trend: Separating the macro movers from the macro noise
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Of course,...President Trump to sign spending bill to avoid shutdown but will declare national emergency to secure funding for The Wall
At 3:26 p.m. Washington time Senate Majority Leader Mitch McConnell interrupted a speech by Iowa Senate Chuck Grassley on biofuels to announce that President Donald Trump would sign the deal worked out by the House and Senate to fund nine departments of the federal...Joint Congressional committee reaches deal to keep government open; market climbs on assumption that President will sign
Congressional negotiators have reached a deal that would avoid another partial government shutdown when temporary funding runs out on Friday. Getting this through both houses of Congress seems likely. President Donald Trump has said he isn't happy with the deal but a...News from the White House derails today’s rally attempt
Sometimes it's hard to draw a connection between what the market is doing and anything in the news. Sometimes it's not quite so difficult. Today the connections have been crystal clear. Markets started off in rally mode after Monday's selling. The Dow Jones Industrial...Trump’s threat to shut down the government if Congress doesn’t vote funding to build The Wall unnerves Wall Street today
We all know that getting Congress to pass a debt ceiling increase by September 29 and also to pass a budget or at least a continuing resolution to fund operations of the government past September 30 is going to be one long, hard lift. But there’s nothing like a threat from the President to veto legislation to keep the government running if Congress doesn’t fund the construction of The Wall to focus attention on how hard that task is.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Odds on avoiding a government shutdown improve as White House backs away on demand to fund The Wall.
Last night President Donald Trump backed off his demand that any deal to fund the federal government include money to start construction on The Wall. At an event with conservative journalists, Trump said he’s okay waiting until September to have this fight. Which would seem to indicate that the President would sign a funding bill that doesn’t include money for The Wall.
Financial markets not willing, yet, to give up on Trump Trade
After last week’s defeat of the American Health Care Act, the looming battle over funding the U.S. government past the April 28 deadline is critical. If the package that finally passes doesn’t include anything from the Trump administration’s wish list, then I think a financial market that has climbed on a belief in a big corporate tax cut and some kind of infrastructure plan, will start to lose some of the “animal spirits” that have driven U.S. stocks higher.
Mexico’s President Pena Nieto cancels next week’s meeting with President Trump
Let the negotiations begin! On one side U.S. President Donald Trump who wants to build a wall between Mexico and the United States (and have Mexico pay for it) and to renegotiate NAFTA. On the other side the Mexican government of President Enrique Peña Nieto, who, to generalize, doesn’t. Until today the two leaders were scheduled for a January 31 face-to-face meeting in Washington. And now they’re not.