investmentwatchblog.com / BY IWB· MARCH 28, 2017
by Umar Farooq
The traders seem to quickly losing faith in the new administration with Dollar wiping out its entire post-election rally and volatility and short bets rising. Investors were anticipating smooth passage of an agenda that featured business-friendly tax cuts and regulatory changes but the idea seems flawed now after the president and Republican legislators failed to proceed with health-care reform Friday.
The Dow Jones Industrial Average DJIA, -0.22% marked its longest losing streak since August 2011 with eight straight declines, closing down 45.74 points Monday, or 0.2%, at 20,550.98, after overcoming an earlier 184-point deficit. It’s looking like tough times for stocks on Monday, while gold and other safety plays are shining. “The markets are having their own ‘Trump tantrum,’ as investors seriously doubt whether the president’s abrasive style will work in Washington,” said Kathleen Brooks, research director at City Index, in a note.
Read more ... source: The Bitcoin Channel
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