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The Contagion of Probability Part 3

  1. The Fed tonight and in less than 3 weeks we have swung from the euphoric post G20 Trump/China 90 day tariff freeze funfest of SPX near 2,800 to the depths of doom Fed-must-never-hike-again-or-face-recession of the current level just above 2,500.

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Second Referendum

  1. The Meaningful Vote on TM’s Deal was pulled due to expected losses of over 100 from her own party
  2. The TM Leadership Vote produced 117 against her leadership

1+2 = an awkward squad of the Conservatives consisting of ~one-third of its MPs.

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TM PM Forever?

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Theresa survived. One-third of her Party are against her,

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