Whether the US ends up in the outbreak of the fiscal cliff or simply delaying it, the materialization or the threat of a clear deterioration in GDP (F.C. may cause as much as 1% drop in GDP growth) will give no choice to the Fed but to resume (and possibly deepen) its policy of asset purchases. Regardless, Deceember expected to trigger fresh rounds of CenBank stimuli.
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Here is a DM sent via Twittter to select clients on Monday, alerting them of the upcoming DOW30 trade. The trade was issued to all Premium subscribers later that afternoon via email, Twitter, SMS and Telegram to (Arabic clients). Have a nice weekend.
After Theresa May
Now that PM Theresa May has announced stepping down from the Conservative Party leadership as of June 7, the ongoing political chaos will shift temporarily from striking a deal on the Withdrawal...