Posted on 11/05/2020 5:58:40 AM PST by Oldeconomybuyer
U.S. stock futures jumped on Thursday as investors bet that a Republican held Senate would block any moves by a Joe Biden administration to tighten regulation and raise taxes on corporate America, even as the presidential election remained too close to call.
Futures tracking the benchmark S&P 500 surged as much as 2%, while Nasdaq 100 futures gained 2.6% a day after Wall Street’s main indexes closed at more than one-week highs.
With President Donald Trump and his Democrat rival Biden still awaiting clarity from the battleground states expected to decide the election, investors were returning to the core setting of the past decade: buying stocks with the flood of extra monetary stimulus coursing through the financial system.
“The outcome of the election in terms of the potential for a Democratic President and a Republican Senate is in many ways the best news for markets because it prevents more extreme policies,” said Jonathan Bell, chief investment officer at Stanhope Capital.
Renewable energy, infrastructure, marijuana and trade-sensitive stocks, which analysts have identified as winning under a Biden administration, all edged higher after underperforming in the previous session.
(Excerpt) Read more at reuters.com ...
Gold and silver are starting another climb.
No, it surged on the possibility of Chairman Joe being in the WH and back to business as usual with the Chicoms.
Could be either. Small investors like the President.
Gold, Silver and Bitcoin are headed for the hills. They are all up significantly this morning.
The mistake the rise in the markets as anything other than the inflation coming down the pike due to increased taxes and HUGE stimulus.
While this might “seem” good on the surface, the dollars you make are going to be worth a lot less in purchasing power.
A Biden Administration will be a disaster. Ultimately with the taxes,rules and regulations that strangle energy and innovation,and historic huge deficits, the economy will weaken and inflation will recur. Urban commercial and residential real estate values will decline. Huge subsidies will be directed to crime infested, non productive cities like New York , Chicago and LA. Don’t expect a Senate infested with RINOs to stop Biden and his cohorts.
My advice. Buy precious metals.
I hate all those crony capitalist, amoral whores on Wall St. One very small consolation is I will enjoy seeing the leftist mob come for them.
Just imagine how badly the market is going to crash when control of the Senate and the future of the Free World come down to TWO runoffs in Georgia Senate elections (along with Mookowski of Alaska bolting the Republicans and going “Independent” and caucusing with the Democrats).
If you think the amount of vote fraud is off the charts in THIS election just wait until Georgia Runoff Day....
Wall Street believes that President Trump will win.
Wall Street believes that fiscal sanity and stability will be good for business.
End of story.
Er, I meant “Georgia Runoff Month” because there will be a requirement for early/mail-in voting so that Democrats can commit their fraud as easily as possible.
“””a Republican held Senate would block any moves by a Joe Biden administration to tighten regulation”””
The Senate can do nothing to prevent a Biden presidency from imposing new or enhancing existing regulations.
Congress over the decades has given far too much power to the deep state to impose rules that do not require Congressional approval.
Only the Supreme Court can prevent Biden from over regulating.
“””Gold and silver are starting another climb.”””
Also, take a look at Bitcoin. It was 10,600 on Oct 6 and is 14,900 this morning.
https://quotes.ino.com/charting/?s=BITCOIN_BITSTAMPUSD
Long Government bonds and precious metals are up, the dollar is down.
I am waiting for violence in DC and across the nation to give us a buying opportunity. IMHO this is a head fake.
In GA right now Perdue is within .03% of being below 50%. GA is likely to have 2 U.S. Senate runoffs in Jan. and it’s looking pretty scary. Check the link below and look at the Loeffler race.
Look at the minor Dem candidates for Senate who racked up about another 700,000 votes in the Loeffler/Collins race, in addition to Warnock who was the main Dem running. Even if you assign all the Indies in the race to Republicans and add in the minor Republicans, Dem candidates look to have the actual majority in that race.
GA. is going to be a purple state going forward. About 30% of registered voters are black in GA, and Dems have mobilized that vote. Don’t be surprised if Dems pick up two Senate seats in Jan. here in GA.
https://results.enr.clarityelections.com/GA/105369/web.264614/#/summary
Wall Street is going to like Pocahontus running the Treasury Department? I doubt it. Sounds like a great way to get a regulation-induced recession or at best, long-term doldrums like under Obama.
Chevron Deference.
Gold is reflecting a huge drop in the dollar index this morning. What you are seeing is a flight into gold from the dollar.
this plays into the PTB hands to end the dollar’s reserve status and replace it with either the SDR or another currency hopefully not the chinese.
That is my take as well.
Gold is climbing because the US govt is about to resume writing checks on NSF.
I added up the Loeffler race at that time too:
https://www.freerepublic.com/focus/news/3902090/posts?page=65#65
The R's actually had a 49.9%-47.1% lead, unless I mistakenly flipped those numbers.
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