Russell is down right ugly. if that can't reverse and quickly we should not be hitting my uppermost target. Still have till the 18th to decide.
The desperation for wall street to see rate cuts because the earnings numbers don't work without it. I expect some rather large discrepancies in the data between now and end of month. I actually expect an acceleration of strength as it become transparent Powell is also under the directions of TRUMP.
Rate cut of 25 basis points but split by federal board on this decision. if the data leading up to rate cut is a strong one the announcement will only seal the fate of this bull and stop it on it's tracks. For how long? No idea yet.
Recap: Trump threw away all oversight for business policies, encourages cheating with no consequence, gave 2 trillion to the top 1 percent, disbanding all environmental restraints, micro managed the economy to get the best he can immediately. this is like fireworks that spectators think will go on forever. Sure looks pretty now. Apropos that a defined "constitutional Crisis" will seal the fate of this market. Hedonistic roaring 20's was no coincidence to the destruction of wall street. You will look back on this era and ask yourself why you couldn't see it coming. Like the events leading up to World War II, not many wanted to see it.
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If this absurdity lasts longer than i expect Trump will be a shoe in for reelection. I will be planning for the worse case scenario both economically and politically. Can anyone extrapolate the consequences of him winning another term? he will take total control and not bother to ask or care about rules or laws. the setup with the Senate will assure him his tenure as he dismantles this nations wealth and rules. if you think this is hyperbole I will log this one post for a re-post on trumps second mid-term point.
SET TO RE_POST ON DECEMBER 8 2020.
