Don’t look now, but the Dow Jones Industrial Average is at an all-time high.
It looks like the expected stock-market election gambit is upon us.
Remember what they rolled out in 2020? (Stopping the Trump economic miracle in its tracks.)
Based in part on political implications, 2024 is looking (to me) like an explosive up year in the market, with Fed Chair Powell giving an early Christmas present this week, indicating they are likely finished with the cycle of raising interest rates.
The Fed can light the rocket (if not already) by simply reducing the speed at which they divest the shaky securities they have taken on in recent years for various Wall Street bailouts.
The money power that controls the Fed and other central banks is also majority owner of the Uniparty. At their core, they are violently anti-MAGA.
By election day, Xiden will point to the stock market as evidence that Xidenomics works. Of course, Trump would have done the same thing if the Chinavirus Psyop had not derailed everything.
The money power that controls the Fed and other central banks is also majority owner of the Uniparty. At their core, they are violently anti-MAGA.
By election day, Xiden will point to the stock market as evidence that Xidenomics works. Of course, Trump would have done the same thing if the Chinavirus Psyop had not derailed everything.
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exactly.
I see a lotta year end window dressing, too.
last week, I told some buddies that if S&P hits 4700 & unleaded < 1.99 = 4 more years of bidenomics
keep an eye on the metals & bitcoin for a more accurate accounting of where we are with inflation & the economy.
While I get what you’re saying - looking at the charts indicates that when the Fed finally pivots and starts reducing interest rates is when the largest market down move occurs.
It’s counterintuitive until you understand that it’s normally a result of having kept rates high for too long resulting in loss of profit and jobs.
So normally the market has dropped at the first few increases to some degree and then rapidly descended when the fed finally wakes up that they’ve overextended.
The Govt numbers are all managed at this point. So I believe what people on the streets are telling me...multiple jobs to make ends meet, cutting back to bare necessities (there’s a song there), and knowing that the layoffs have only just started.
By election day, Xiden will point to the stock market as evidence that Xidenomics works.
Your on to something here.
So the picture that emerges is a puzzling one: on one hand with weaker data in hand, the Fed Chair said it was "premature" to talk about rate cuts, yet less than two weeks later, with stronger data in place and with hotter than expected inflation, Powell suddenly flip-flopped 180 degrees, shocking even veteran traders, when supposedly the Fed now was looking at precisely those things (PPI) which it went to great lengths to avoid when inflation was soaring.
Or maybe there is no puzzle at all: maybe what that happened in the past two weeks had nothing to do with economic data, the state of the US consumer, or how hot inflation is running and everything to do with... phone calls from the increasingly angry White House, the same White House which after seeing the latest polling data putting Biden at the biggest disadvantage behind Trump despite the miracle of "Bidenomics"...