On a decent vacation and coming back the same old but more so. The charts are pretty consistent. SPX has a Shiller ratio chart showing a very uniform 7 wave structure hitting a high around 38 P/E. IF we actually manage to break above that mark (highly unlikely) we will have a NINETH wave. I suspect we either attempt a double top or never get to that high mark. STAGFLATION is now being talked about. Some see the las GDP numbers as alarming. The street is absorbing the assumption of NO RATE CUTS THIS YEAR! It is taking a while to do so and the current drop seems like a consolidation pattern. Bitcoin has a really nice consolidation structure suggesting we have more upside ahead. Even Trump Social is rebounding from obvious dismal earnings prospects. Even the Stupreme Court is making itself know just how radical it is. They are proposing that TRUMP has absolute immunity and anything and everything he does is just fine with them. They even use a hypothetical example of future persecution of a president. They have already made sure he wins the next election. Once he is in office, I suspect he will defy a Supreme Court decision and even go so far as to demand they get dissolved. Think this is too radical even for trump? In fact, it is almost a forgone conclusion. There will be a case that pushes even the extreme right court to vote against trump. When that happens, we find out if they have any power to enforce any ruling offensive to trump.
ALL scholars are shocked just how radical and unconstitutional the Stupreme Court ruling have become.
EVERYTHING in place for the granddaddy of all political, economic, social and moral reversals., I suspect STRONLY the current Hush Money case will end in a hung jury. Even if there is a verdict of guilty, he will not spend one day in jail and the outcome will sway NO ONE on voting.
The Supreme Court has sealed our fate as I suspected they would. It also seals their own. Everything and everyone involved in loyalty for the Trump Mafia end up a chattered victim. The number of lawyers going to jail or stripped of their license is astonishing. The Teflon Don will quickly show his pent-up anger and not a full year in office will there be before the WORLD understands the consequence.
