ALL IN Trump Hotel Californication

Today the casino was panic bid because the tax cut is safely out of Democratic reach. It's clear that retaining (increasing) control over the Senate was the sole Republican priority. As a result, they lost the House, which means that Donny just went under the bus. He served his purpose. Gary Busey will be their new saviour in 2020. Unfortunately for ALL IN gamblers, just as the U.S. government has no leadership neither does the stock market.

The good news is that they can't blame the Democrats for what comes next. Only themselves to blame for believing in this farce...

In summary, with less than eight weeks to go, the end of year rally just started. Or ended.

Don't worry, this is not another one of my wave counts. But if it were, this would imply that third wave down is imminent. Since the first wave down was -10%, I will got out on a limb and say that the third wave will be at least -30%. Gamble at your own risk. 

Speaking of ALL IN, the S&P is now two year overbought (lower pane):

The momentum trade is still lower than it was a year ago.

These are the fastest growing (public) companies in the U.S. Can't you tell?

On the other hand, the recession safe haven Food staples index, reached a new record high