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3 Numbers: Trump's last waltz after Charlottesville?
Today’s data calendar is quiet so the likely dominating factor will be yesterday’s stock-market selloff. This is almost a carbon copy of last week, when stock prices fell on Thursday as North Korea’s nuclear ambitions met the tweets of Trump. I dedicate a large part of today’s post to my view on the matter. Next week brings us the August flash purchasing manager indices and the Jackson Hole symposium of the world’s central bankers. This week, Donald Trump managed to alienate many by stating that all violence is bad, when he was expected to simply say Nazis are bad. This led to wide and loud protests, even ... (full story)