Yes....The crash is going to be epic. But you will need to download the Enigma and Lorenz apps on August 8th to know when the money printers start firing backup to take the markets to all time new highs again.
We should also remember that Republican counties in the United States had the most COVID deaths, most COVID hospitalizations, and longer hospital stays for those not vaccinated in comparison to Democratic counties that were vaccinated only because more Democrats were vaccinated. Simply, the Blue counties in the states typically followed their county's healthcare guidelines while the Red counties in the states typically did not believe there was a Pandemic, others still thought it was a hoax, others didn't trust government (Trump Administration and Biden Administration), others didn't trust Trump/Pence administration Operation Warp Speed Vaccine... Even though their friends, loved ones or themselves were being hospitalized with a severe Covid infection. The United States had one of the worst Covid performances until Operation Warp Speed discovered vaccines and then we had the worst initial update of the vaccine because of all the misinformation/disinformation about vaccines. In the meantime, Trump and family are happy golfing while fully vaccinated & boosted. For what it is worth, the United States military had one of the highest vaccination rates, highest usage of N95 face masks, lowest Covid infection rates, lowest Covid hospitalizations, and lowest Covid deaths. Yet, do not misunderstand, I am not a supporter of mass vaccination requirements in all industry groups of America except only in our Armed Forces because it's a well-known fact that the United States has outperformed other global military units in battles since the 1918 Pandemic although some argue since George Washington had our troops fully vaccinated during the Revolutionary war against the Smallpox that was killing and weakening the British. Besides, as Americans, we already understand the importance of vaccinations and accepted it as the norm since daycare/elementary because most states in America made vaccinations a requirement to attend daycare or elementary since the 1960's while the U.S. Armed Forces vaccinated every soldier in Day 1 entry into the military and again when being deployed abroad. Another problem, our country has one of the highest obesity ratings in the world, one of the fastest growing disease problems with cardiovascular problems, heart problems, kidney problems, and youth sudden death BEFORE the COVID-19 pandemic. Simply, we're a very unhealthy healthy country and we have a serious problem in following health guidelines to save our asses. Covid comes along and as of today, we have lost 1.2 million United States civilians...most of them in Red counties. In my opinion, that's a lot of dead voters in crucial swing states who will not be voting in the November 5th, 2024 U.S. Presidential election. If Trump has a narrow loss in the U.S. Presidential election...you should think about all those Covid Deaths in the Red counties because they had the most reluctance uptake of the vaccines, most to ignore masking, and most to ignore health guidelines in a global Pandemic regardless of who started the Pandemic. Reminder: Trump and family are fully vaccinated and boosted...by choice. Our Armed Forces are fully vaccinated & boosted but not by choice...thanks to George Washington who believed in readiness to defend the United States of America when he ordered inoculation of our continental troops in 1777 when he realized that most of our continental troops (90%) were being killed by smallpox... He was the first to create a military system of inoculating our troops on Day 1 of their enlistment and amazingly he kept it a secret from the British military as they were being weakened by smallpox. Vaccination at the time, is considered a key factor in helping George Washington defeat the British troops during the American Revolutionary War, as it significantly reduced the number of soldiers incapacitated by the disease, allowing him to maintain a stronger fighting force; this strategic move by George Washington is often credited with playing a major role in the American victory. wrbtrader
The markets are president-non-dependent. Remember back in 2020 when Trump was in office? Yeah, we had a bad time, with circuit-breakers breaking all over in March/April? It had all to do with the Fed, and Powell. It now is the same...It is all Powell and the Fed, and as the Fed goes, so shall the markets. Dudes, it does not matter who is prez. Follow the Fed, and not the executive branch!
We're entering a soft landing at best. Look at NFP. If Trump wins he will fire Powell and appoint some lightweight in his pocket via recess appointment. It's will be fucking anarchy and vol will explode. His Fed puppet will attempt to move 100 bps cuts through committee and there will be resignations. Archive this post. Harris wins; I win. Trump wins; I win. As an idealogue I prefer the former.
The pundits are saying we have already achieved the "soft landing". I for one believe them, based on what I see in the real world. We all need to stop thinking a recession is coming. Look to Maplebear's earnings on Nov 12th. That will tell you everything about America's disposable income.
FYI, he cannot fire Powell. He mentioned this in 2019 or something, and realized he's like a SCOTUS deal...You can't fire a Fed Chair.