Crypto way up also
I don’t have explanations
Just observations
Easy:
The dollar is collapsing due to the presumed budget deficit to infinity.
The increasingly worthless dollar is being reflected in the nominal value of the indexes increasing; while the value of the underlying businesses and their earnings and cash flows is plummeting as they are denominated in those same increasingly worthless dollars.
‘The Market’ doesn’t believe a Democrat win is good, it believes it is bad; hence the collapsing dollar.
Large corporations are fully in bed with big government and it benefits them greatly. Big corps will get laws and regs that will all but eliminate their competition. They don’t have to work hard when they have government in their pocket.
The bad news is this only lasts so long. Eventually socialism will consume them as it will the entire country.
Get yours while you can.
I forgot to mention. I think Crypto is up because globally people are seeing the fall of America. Crypto is global and outside of the US the entire world sees the end of the stabalizing force of the United States is near. They are buying crypto to preserve their wealth.
If I'm right on that and I think I am. It's very very bad news for the United States. The world see's our country failing. The shining city on a hill is dying and no one appears to be willing to save it.