Trump wants to make a “Wall Deal”
On Wednesday the US President Donald Trump summoned the head congressional officers of both parties. The Officers were invited to a briefing about perimeter protection. He proposed to “make a deal” to stop the government close down. That was a significant indication that there is a strong possibility for discussions to stop another government slowdown that stopped parts of the government to operate normally for more than 10 days. This offer reached the eight head officers from the two parties in the new House and Senate that will gather next Thursday.
But Democratic leaders have not given any indications that they’ll accept the invite. On Tuesday President Trump via a tweet said that he was offering “peace” to House Democratic leader Nancy Pelosi. The president said on Twitter. “Border Security and the Wall “thing” and Shutdown is not where Nancy Pelosi wanted to start her tenure as Speaker! Let’s make a deal?”
US Stock market noted the worst year in 10 years
Last Monday Wall Street ended a very turbulent year. The primary stock indexes noted their poorest annual performances in a decade since the economic crisis.
The Dow and the S&P 500 both dropped for the first time in more than 2 years. On Monday the S&P 500 and Dow Jones Industrial Average moved down more than 6% percent and 5%, respectively, for 2018.
On December investors dumped many of their stocks probably due to fears of an economic slowdown but also because the FED may actually be making a mistake with the monetary policy.
Safe-haven demand drives Gold up
On Wednesday Gold prices advanced due to the need for more reliable investments. The need came after the anxieties over the possibility for global economic growth slowdown, but also because of the sinking stock markets. U.S. gold futures climbed about 0.29% to $1,284.79 per ounce while on Monday the Spot gold grew 0.1% to $1,283.60 an ounce.