And donald trump signed the executive order today for the dakota pipeline. The dow tumbling toward 20,000. Hitting record highs, materials, tech stocks, all leading the way. Did trump just revive his own rally . Are we about to break out of this tight place weve been this for over a month . You say did he reignite . We had a whole conversation about did he derail . Nothing has been derailed. It has been sort of stalled for a while. We talked about how the s p 500 was still within a half percent of an all time high. It is at closing it was an all time high. Did he reestablish it . I dont think he ever got it off the rails and i think it is intact. One of the things we said last week. Everybody wants to buy protection. Which i get. Im in favor of as well. But i think the vix is headed to single digits. The complacency out there and the ability of this market to continue to levitate higher is intact. My takeaway was bless which should i buy but reduction of regulatory interesting quagmire
Yesterday . What did you think . Weird, right . What you are talking about . Went all the way up. Yesterdays session . Yeah. What happened midday that knocked that off . They thought it was the ap story about trumps tax plans, how theyll scrap it and start all over again. I dont know. During the day, the guy in north korea said were this close to nuclear oblivion, the markets just tread water. But then the tax plan. Syria saying, yeah, russia said one more move, were at war. And then the futures didnt move. But then they said something about the tax plan, could be a week late, the markets moved. Thats very telling. How do you price it in . You can kind of when the world ends, it doesnt matter might as well trade until it does. Flight to safety. Im in safety. It doesnt matter. Even oil, with everything happen. When music is playing, you have to dance. Quick heck on whats going chec in europe and then oil. The dax down a bit. Cac, we will call that flat. Virtually unch. It is unch unch.
Tip auction. It breaks even under 2 . Im interested in the demand and the yield that it goes for. And federal reserve, the governor Jerome Powell will be speakingen a panel on washington. And Michael Mckee interviews Robert Kaplan at 7 30 a. M. Eastern. Is going to be an exclusive interview. How do they square that . And that Balance Sheet. David that exciting base book. Jonathan i want to know what the rest of the week looks like. [laughter] lix it has them cringing. David ok. Bank regulations frames the news with preposals kicking around including bringing you back glass seeing toll free up banks in other ways. An exclusive interview with bloomberg, former chairman paul volker thought he thought it would be a bad idea. What i would oppose if they do that and thinking that the Investment Banking operation, trading operation is going to stay super vacation and regulation which is i assume may be the thrust of this. But that just doesnt fly and thats where we were. Nd thats what broke d
Posted an online referendum to break away from italy its not binding. It sends a signal was time to watch tall. The second time this week the Group Witness put pen to paper this time to sign a ratified annexation treaty was cry me a mosque a warning of reprisals love is all fresh sanctions washington and brussels. On that score. Its not the mosque of signing treaties back in november the whole crisis was triggered when it rains says ousted president. That review with you today. The sign its been a long road but eu leaders finally signed a deal to strengthen ties with ukraine. Months later than initially planned. It was former ukrainian president Viktor Yanukovich its decision to reject the pact which sparked protests leading to his overthrow and eventually to riches annexation of ukraines crimean peninsula. Ukraines Prime Minister said the deal with the eu will improve his countrys economy and peoples quality of life these deals will establish a joint Decision Making body which is to f