​Trump Rally Fizzles: Futures Drop As Dollar, Yields Extend Surge – Tyler Durden

Trump Rally Fizzles: Futures Drop As Dollar, Yields Extend Surge The torrid five-day rally that pushed the S&P 500 to its 51st record close above 6,000 on Monday has finally reversed amid unease over nosebleed equity valuations and the composition of Trump’s incoming cabinet. As of 8:00am, contracts on the S&P 500 and Nasdaq 100 indexes slipped about 0.2% with Mag7 and semiconductors under pressure, while Tesla also dropped in after a post-election surge that lifted its valuation past $1 trillion; healthcare names among the notable gainers. Europe’s Stoxx 600 gauge lost 1% as the rout in Asia continued and…  — Continue at ZeroHedge News : Read More