Tuesday, November 21, 2017

TUESDAY 11/21/17; RBA Minutes; HSI (Hong Kong’s Hang Seng Index) Rallies Nearly +2%; US 2-10 Yield Spread Narrows to 58 Bips; LOW; DLTR; CPB; DSW; EV; HRL; SIG; Existing Home Sales; SPX, INDU, COMPQ, NDX and RUT Print All-Time Highs; S&P 500 Prints 2600 First Time In History; Bitcoin Above 8300; Federal Reserve Chair Yellen Says Low Inflation May Linger

Euro 1.1737. Euro/yen 132.11. Dollar/yen 112.56. The yen weakens which sends the dollar/yen currency pair higher and will push Japanese stocks, especially exporters, strongly higher in today’s trading session. Pound 1.3241. Euro/pound 0.8864. Mexican peso 18.9938. Canadian dollar 1.2816. Dollar/yuan 6.6372. Indian rupee 65.095. Aussie dollar 0.7553.








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









 is ready to receive offers for lucrative speaking engagements from the investment banks a way of rewarding her for four years of dovishness that maintains elevated stock markets. This is the crony capitalism system on full display in America.

US futures are flat. S&P flat. Dow +10. Nasdaq +4.

President Robert Mugabe resigns. Zimbabwe begins a new path forward.

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