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Stocks, Bonds And Presidents
This'll be a pretty slow week on the data front, at least in the US.
There's virtually nothing of note on the docket save home sales figures covering September and flash reads on S&P Global's PMIs. Readers should note: The week after this one's going to be a veritable barnburner: Occasionally, NFP week's bevy of top-tier releases line up with key quarterly macro updates (including ECI and GDP) and big-"tech" earnings. That's the case during the week beginning October 28 which, for good meas
Honestly, I think Trump, as an agent of chaos, isn’t good for Wall Streeters either. But it does take looking beyond short term tax rates to see that. You’d think ‘intelligent’ people could do that…
You’d think…but history often evidences otherwise…
Thank you for speaking the truth plainly, Dr. H. I laughed out loud at your truth about a lot of rich white people in America.
Voting for one’s economic self-interest in the short term leads to a tragedy of the commons in the long term. The problem is, at some point, we milk the cow to death.
BMO podcast is great. I appreciate you turning me on to that a while back.
Humans, humans… Please evolve out of logical fallacies.
That image looks like a screen grab from the Matrix, nice touch!
It would seem some Trump trades are certainly getting ahead of themselves. DJT is near $30, but is that worth anything if Trump loses? A quick gander at the option chains and $30 puts for Nov 8 are $8+ at the moment. Bitcoin has certainly traded like Trump is a favorite. Long duration bonds are certainly interesting as well. Even if there is a red sweep, the margins will likely be so small as to make it very difficult for any aggressive Trump moves. Certainly seems like there is a lot of upside in betting the current market narrative given the race is effectively a tossup at this point and the likelihood of red sweep is even lower.
As for the folks you recommend reaching out to get first-hand accounts, the fact that anyone would need first-hand accounts is telling. Trump exhibits all the behaviors of the worst coworkers, bosses, vendors, and customers. If that isn’t plainly obvious to the audience, I don’t know what else could possibly get through to them, but I appreciate your continued efforts to educate.