Good discussion on the unrealistic assumptions underlying both sides of the political aisle: Christopher Whalen, Tangent Capital Partners, and Dan Greenhaus, BTIG chief global strategist, discuss the implications of going over the fiscal cliff, and provide an outlook on the markets next year. Here is a direct link.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Joe Kernan is one of the biggest wankers and wastes of space on the planet. Two good guests and useless gibberish from him. He is one of the main reasons (alongside Kudlow and Santelli) that I have turned away from CNBC permanently in favour of Bloomberg.
I agree 100%….it would be great if he could let the guests speak uninterrupted.