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Cash, Tariffs And DOGE
Did you buy the (re)dip?
Wall Street struggled on Tuesday to extend a two-session rally off last we
Bounceback this week or next, maybe. The tariffs coming April 2 and 1Q earnings/revision season starting soon thereafter make this a pretty short window for bulls. S&P 500 is struggling to break above 200D. On next downleg, 5000 looks a reasonable target. Still wouldn’t quite be a bear market.
Americans have been falling for the crap that the Lord of the Tiny Hands has been selling for ten or twelve years now. All the the while when he says something stupid or outrageous folks say, nahh, that really happen. Not only can it but it already has. The Supreme Court was taken over in the first term, so we lost one third of our government. Black Mitch kept Biden’s only court nominee out of the court where he could have protected our system of government. The second third was lost when Trump just ignored the law and Congress and began to rule purely by edict. So now there is only one ruler left and all his toadies are saying that’s ok our system is old, time for a new one where we find all the melon heads in the country and make them Earls and Viceroys and such. Musk is not allowed to actually govern but they found some woman to serve as a proxy to keep the courts nullified. In 2020, during the election Trump said there is no law that applies to me. I can go into the middle of Fifth Avenue and shoot someone and nothing will happen to me. Time to prove him wrong, doncha think?
Meanwhile, I’m keeping my cash for a while until we know more about how this is all going to play out. We do seem to still have a military that he insults ever chance he gets. Time to have a junta?