, 3 tweets, 1 min read Read on Twitter
Today's economic data don't justify the selloff, which actually started during Pelosi's interview with Atlantic before the quasi impeachment announcement.

The markets shrugged it off after the transcript was released. Then, the ISM yesterday and loss of reason sent it down.
The miss for ADP was just 5k. Mortgage applications were very strong. Crude talking points are important but grossly exaggerated.

Markets don't like political instability. The U.S. is currently unhinged and politically unstable.
This also happens to be the most volatile month for markets out of the entire year.
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