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The markets are surging on the realization that within a week, some semblance of normalcy will return to DC when Pelosi takes the gavel in the House.
Hah - well five months before the end of the '08-'09 debacle which had a similar huge up day, this could very well be followed by another huge "puke" as one analyst calls it before the true carnage ends.
So, after pensions are done doing their year-end rebalance and the shorts are covered, we'll see what's what in January. And, sadly, Trump will start tweeting tomorrow, we'll be back to our ugly normal - and then we'll see how long this relief rally holds.
Not so sure Pelosi will be able to keep the idiot at bay. He will scream and holler and pound his fists on the floor nonstop. A 72/ y/o leopard can't change its spots. He's good for at least one or two tantrums a day.
We’ll see what happens later this week and next week.
Very dependent on what Big Mouth does. His whole life has involved showing people how to lose money on a Casino or on how to turn 20-100 Billion (what he should have with his inheritance invested) in zero or 2 billion.
Uncertainty is the name of the game. Even with good profits shown in Jan/Feb quarterlies, Trump can mess things up by talking tariffs, war or chaos of other sorts.
Hopefully the House will be able to reign him in...but no one has succeeded in the past except for the Banks that made him sell everything to pay back a tiny percentage of what he borrowed.
I think we all know which situation you are hoping for!
And what the hell is her plan to tax everyone to death and killing off productivity through more failed government programs supposed to do to help the market? Pretending that her ideas are somehow pro market or pro growth and that we would be in a better situation had we had some Democrat in office is laughable.
Market on pace for the best day in HISTORY following record consumer spending numbers. Insane that this is happening while the fed normalizes rates.
There was nothing record about spending. It was the highest in six years. Who was in the White House six years ago? Don't be fooled. It'll come back down again.
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