Friday, November 17, 2017

FRIDAY 11/17/17; FBI Special Counsel Subpoenas Trump Campaign; Moody’s Upgrades India; Bitcoin Prints Record High at 7998; ECB President Draghi Speaks; Housing Starts; Yield Curve Flattens; 2-10 Yield Spread Narrows to 61 Bips

US futures are flat. S&P flat. Dow +8. Nasdaq +8. Aussie and Asia markets begin trading higher piggy-backing on the US market joy. The NIKK pops +1.6%. Topix +1%. Tech stocks rally. ASX 200 +0.3%. Healthcare stocks lead higher. KOSPI +1%. SK Hynix pops +0.6%. New Zealand’s stock market index is up +0.5%.






[Purchase the 2017-11 chronology to read and study the market drama in November.]










Sexual misconduct allegations and charges are dominating news coverage in the United States. Celebrities and politicians are called to account for past indiscretions. Several sick lawmakers are accused of groping females including underage victims. Many Washington, DC, politicians and other big shots are accused of sex scandals, sexual harassment, sexual assault and even rape for acts performed over the last three decades. Paraphrasing English Catholic historian John Dalberg-Acton from the 1800's, 'power corrupts and absolute power corrupts absolutely'.

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