Is the Trump era over?
There is no earthly reason to buy dollars with Trump exiting unless we imagine he is going to slash and burn on his way out the door. And that’s exactly what he is going to do, but the underlying system is relatively safe if only because we can see the end—inauguration day on Jan 20. A flurry of risk-off without rhyme nor reason just has to be accepted but we can’t let ourselves become agitated over it and see risk-off under every rock—or accept risk-off that has no known cause. Stay the course, but be aware traders are willing to be spooked.
