We have weathered the volatility market storm. Italy's election win for anti-establishment parties who seek to reform if not replace the Eurozone's institutions was but a momentary fly in the ointment. The Fed continues to pare back its pile of QE assets but overall aggregate central bank balance sheets continue to rise. Chuck Prince would still be dancing.
Two events are about to hit us in the next day or two that will test the peace of that truce.
1. Trump . . .