Thursday, March 23, 2017

The Gong Show Is Running Out of Time

The idea that a reality TV real estate developer would go to Washington and push his entire campaign agenda through in 90 days was a first order fantasy. Gamblers are starting to lose their patience and their shirts...

Tomorrow should be interesting...




Unfortunately, the latest incarnation of the TrumpCare bill is even worse than the original proposed earlier in the week, according to the Congressional Budget Office. In other words, this fiasco is now going in reverse. According to Trump, Obamacare was a "disaster", which just makes his 4-ply plan that can't even pass his own party, the sum of all clusterfucks. Only 17% of U.S. voters think his plan is better than Obamacare, I mean "disaster". 

Markets are not amused...

NYSE TRIN: Selling Pressure:



Active Manager risk exposure:








Rydex Banking Assets. A new high yesterday and reduced exposure today...





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