Jeffrey Gundlach: Trump's rhetoric will continue to make Europe bullish compared to the S&P (youtube.com)
Europe can't depend on US to militarize them, anymore, they are thinking.
US markets have stopped outperforming. Europe and even EM are outperforming US now.
We don't yet know the effects of deportations. We don't yet know the effect of tariffs, and don't even yet know what the tariffs will be.
‘Inertia’ is the Fed word now (Powell).
It's been ‘don’t fight the Fed' for a long time, but this time, the Fed spoke and it didn't effect markets. The markets did like what he said, and things were green for a while, but closed neutral.