Daily Market View 29-01-2026
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The Madness of Markets
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The situation in the United States seems to grow more and more incredulous by the day. This month started with wild kidnapping of a President and now looks to end on another Government shutdown, the second in 6 months.
To add to all of this, there was also a strong fear that the Treasury was going to debase the Dollar to encourage exports, a rumour which has been somewhat quashed by secretary Bessent saying no such plan has even been considered.
It's repetitive in one way to just keep talking about the Dollar, but it really is crowding out every other piece of news. Nothing compares to the intrigue and suspense that unfolds in the US seemingly every day.
With Trump nervously eyeing the midterms in November, one can imagine that he is feeling he is running out of time to cement his legacy. That's bad news for everyone in his way, I suspect that this latest bout of erraticism may last longer and prove more troublesome than the previous.
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