Market Catches Trump’s COVID Infection
Everything was working according to plan this week, until Friday morning. As news hit that President Trump and the First Lady contracted COVID-19, so did the market at the open with Dow down roughly 450 points.
Does It Matter Who Wins The Election?
I got a lot of emails following our previous discussion on market performance during Presidential election years. The basic premise of these emails was:
“Yes, but if Biden wins the election, the market will crash.”
I understand. But let’s remember that in 2016, the media claimed that if Trump won the Presidential election, the market would crash.
It didn’t.
Yes, Biden’s proposed tax changes, green energy plans, and Government takeover of “healthcare” would indeed be bad for the markets. Such policies would weaken corporate profitability, specific sectors (energy and healthcare) would come under stress, and the surge in debt will make the Fed’s programs less effective.
Read more ....
WNU Editor: In normal times a US Presidential election's impact on the markets takes a while to be felt (Trump was an exception), and in most cases there is a bump upwards. But are we in normal times? Is Democrat Presidential candidate Joe Biden a captive of the radical wing within his own party who want to significantly transform the US economy in a way that has never been seen before? And will he enact their proposals if elected? I do not know. And it does not help that the former Vice-President has been terribly vague since the debate on where he stands .... Biden Spent Week Refusing to Take Positions, Losing Train of Thought (Washington Free Beacon).
ReplyDeleteTo me equally important is getting the supreme court solidly in the conservative ballpark.
Supreme court should not be conservative. It should not be liberal. It should be logical.
ReplyDeleteSCOTUS is there to interpret the laws passed by Congress. They are there to resolve contracdictory laws. If laws contradict, then the SCOTUS get rid of one of the contradictory laws based on hierarchy.
For example if an amendment or clause in the constitution contradict a newly passed law, SCOTUS gets rid of that newly passed law. Any college philosophy major with knowledge of law or vice versa should, if they are honest be able to perform the job.
SCOTUS really should not have a job. Congressional members should be logical enough that their laws do not contradict previous laws, but they want what they want and know what they know. They want other people's stuff.