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Strategies & Market Trends : Wolfgangrene's charts

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To: Chris_Toronto who wrote (3702)10/17/2017 2:33:42 PM
From: The Ox1 Recommendation

Recommended By
Chris_Toronto

   of 3976
 
Yes, if NAFTA was cancelled "out of the blue", that would cause a lot of short term upheaval in the markets. I think the countries will renegotiate the terms vs. an extreme move to cancel the agreement outright.

I haven't given much thought to this scenario of a cancellation....not sure how the currencies would react? The Peso has been extremely weak since the Mexico City earthquake, fwiw. Probably close to hitting support if it hasn't done so over the past couple of trading days.

Trump wants to keep weakening the dollar, which supports the US equity markets....so I would guess that down the road, there will be more push/pull as interest rates rise down here. The US markets have been in a very sweet spot over the past year but there should be a lot more cross currents going forward, IMO. Not sure how much more "perfect" the data can be here in the US?
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