The economy trumps politics

Week ending Friday 19th May 2017 A mixed week in terms of economic news led the equity markets to end up nearly where they started, but politics made a big splash that was mostly dissipated. Underlying economic trends trump politics, it seems. The USD has maintained its recent run of weakness, undoubtedly helping equities too. The general weakness in the USD may also be something to do with the huge and continuing rally in Bitcoin. It seems hard to believe investors really think that the digital currency could be a reserve currency but its uses appear to be growing. Bond…

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