The problem with electing a con man is that you never know if you're not the one being conned. Clearly his Faux News addled base have no fucking clue. Raised on bullshit, you get a taste for it...
First off, they've been led to believe that the trade wars are good and easy to win.
Secondly, they've been led to believe that dollar strength is temporary:
"U.S.-based currency-hedged funds have logged $10.2 billion in withdrawals this year, while their unhedged counterparts have attracted $30.7 billion...That is a break from past practice, when investors rewarded currency-hedged funds as the dollar gained."
In other words, gamblers are betting that market risks will go down ahead of the election. Unlike two years ago when the dollar rallied right up to the election:
And because this time it's different than the last Yuan devaluation:
Third, they've been led to believe that the economy is strengthening, justifying more rate hikes:
"Orders for long-lasting U.S. factory goods fell 1.7 percent in July, the third decrease in the past four months."
They've been led to believe that there has been a retail recovery, when in fact it was just tax cut sponsored stock buybacks driving short-covering, at the end of the cycle. A total fucking illusion:
And of course this week they were told that this was the greatest and longest bull market in U.S. history:
Ex-Tech, the rally ended in January. We are just waiting for the most over-owned and over-leveraged stocks in human history to final implode...
Just six are responsible for all of the gains...
Just six are responsible for all of the gains...
"My advisor told me that Go Daddy is a safe haven from trade wars"
The global rally ended in January. This is the sixth lower high:
One thing we know for certain, the truth ended 18 years ago...
U.S. Stocks / U.S. Debt
