The Gilmo Report

September 9, 2018

September 8, 2018

Investors must now figure into their market assessment and strategy a new factor that can drive significant and often random price movements. That would be the arrival schedule for the Trump Train, which can blindside the market whenever the President decides to pile on the rhetoric regarding his current Trade War.

On Friday, a strong jobs number sent the futures careening to the downside ahead of the opening bell, but the market weathered a sharp, gap-down open to rally back into positive territory. At that point it looked like the market was set to roar down the tracks and back up toward its prior highs after a couple of days of weak action. Coming in the opposite direction, however, the Trump Train suddenly appeared, and the market ran headlong into it.

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