Trump better not announce the Fed chair on the weekend

Don’t spoil the fun, Don

Dow Jones reports that Trump still hasn’t made up his mind on the Fed chair, so we’re probably not going to get an announcement before the close.

That means there’s a very good chance of an announcement or leak on the weekend.

The market is already acting like Powell has it in the bag. That’s why stocks are cooking and the US dollar is lower.

I really hope he announces it during the week next week, and the DJ report says that’s the plan. Where’s the fun in trading weekend news?

It’s going to be tough to sell the dollar, even if it’s Powell. The numbers are just too strong to dump dollars. A better trade would be to buy financial stocks because Powell is going to be the best friend JPM and GS ever had.

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