Markets largely drifted sideways again this past week, with U.S. stocks mixed, and European and Japanese stocks giving up ground. U.S. Treasury yields inched higher across the curve. The August U.S. jobs report showed solid growth, increasing the chance that the FOMC will raise the Fed Funds rate on Sept 18th. The Yen strengthened on expectations that the BoJ will do the right thing, and increase its policy rate. Gold was slightly weaker, and BTC held on to its recent gai

The melt up continued in risk markets until late Friday morning, when a post of Mr Trump's Truth Social website reported that the U.S. would impose additional 100% tariffs on Chinese imports into the U.S. starting Nov 1st because of further restrictions by China on their export of critical earth minerals. In any event, this one way trajectory up needed a pause. Monday will be interesting!

Some stocks that clearly "track" President-elect Trump's varied campaign promises have rallied hard, including TSLA, BTC, COIN and KRE.