[ad_1]
The political crisis surrounding Donald Trump's administration led Wall Street to a nightmare day on Christmas Eve. At this time of year, many investors are expecting a "end of year rally", driven by good news from retail. This time, Trump's negative market signals overturned the stock markets and led to lower treasury yields, the US Treasuries. %, in its 122 years of history. The S & P 500 has lost 2.7%, the worst performance on Christmas Eve since 1933, according to Market Watch. The Nasdaq stock market fell 2.2% on Monday, with trading hours down.
Negative Signs
A series of bad news invaded the news in mid-vacation and left investors scared.
Trump X Fed
Donald Trump again openly criticized the performance of the Federal Reserve (Fed), breaking the protocol of US presidents to respect the autonomy of the country's central bank. The stalemate related to the release of funds for the construction of a wall on the Mexican border has postponed the vote on the US budget. This has resulted in a partial shutdown of federal government activities since Saturday.
It's okay … but not
US Treasury Secretary Steven Mnuchin tried to give the markets a boost, but the coup turned against him. He told Twittter that he was in contact with officials of major US banks to ensure the normal operation of the markets. Instead of rebaduring investors, this statement has made the market even more desperate.
The crisis hit the treasury bills
The chaos on the markets also came in Treasury yields, Treasury bills. The yield on two-year Treasury bills fell to 2.569%, while the ten-year yield fell to 2.736%.
European stock markets have the feeling
European stock markets have also suffered from the crisis in the United States and have closed their doors.
In Brazil, the stock market closed on Monday and the market resumed only on Wednesday (26). .
Would you like our best investment tips to be free in your email? Subscribe to our newsletter
Source link
