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DHUnplugged #796: Broken Trump Card

DHUnplugged #796: Broken Trump Card

Episode 796 Published 16 hours ago
Description

March is the WORST month for markets in a long time.

International equities getting killed

Dollar Up, Oil Up, Equities Down, Bonds Down

The markets Trump Card no longer works…

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Warm-Up
- Trump may have played the wrong cards (Making up stories for markets)
- Oil prices on the move - Monday highest close yet for this cycle ($105)
- For Real ? End of War?

Markets
- WORST month in a long time
- International equities getting killed
- Dollar Up, Oil Up, Equities Down, Bonds Down

Happy Passover and Happy Easter!
- Made a brisket 2 ways!

One Food item and then back to business
- New trend at restaurants: " We do not use any seed oils - no, we use beef tallow.....
- Reaction from crowd and recent FDA
- Sunflower, Canola, Soybean (unsaturated is better....)

Monday Morning Again
- 7:30am Monday Morning - More BS for the markets - Talks going great...
---- Problem is that there was a severe threat that if nothing changes by next week- Iran is going to get pummeled
------Iran strikes several key targets in Middle east - Aluminum prices spike, oil prices moves higher....
- It does not look like Iran is too concerned. (Complacency or Strength?)
- Unfortunate that markets are not reacting well - (Wolf?)
- So we have until the day after Easter?

Tuesday....
- Iran's State Media says Iran's President spoke with EU Council on the phone; says Iran is "prepared to end war" with guarantees against further attacks; EU Council President has confirmed this call -
- Just moments after WTI hit $105... quickly came down to $102+/-
- Everything turned higher - green across the board

More Crazy Records
- BTIG's Jonathan Krinsky added, "At 12:41 ET today, that NYSE TICK Index hit +2329, the highest on record back to 1993. This index measures the number of NYSE securities trading on an uptick minus those trading on a down tick at any given time of day.
- For perspective, there are ~2400 stocks on the NYSE, which

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