Theresa May could undo Trump on this One
Trump went completely outside the box yesterday, basically confirming that he and his buddies were a significant Brexit influence. By his buddies I would include Putin and Bannon, who are probably controlling Trump’s calls these days.
So this is May’s moment. She needs to figure out how to get Parliament to put in place a new referendum vote on Brexit. There is enough negativity against both Trump and Russia to put her into a strong position to have the people of England bury the misguided Brexit move.
As to the Markets:
Nothing much new, the Fracture Point keeps getting closer with the yield curve continuing its flattening direction. Just wait until stocks and gold quit moving together. Today is a day that is setting that up with up stocks and down gold a prelude to down stocks and up gold.