| Impeacment will happen, but conviction will not. Impeachment will happen because it will be designed to distract Trump from the campaign. As bad news is let out by MSM, no friend of Trump’s, it will influence 2020’s result. This will be happening at around the same time Ginsberg’s replacement nominee will be getting the same treatment Kavanaugh got.
The unlikely conviction is irrelevant. If the fallout from impeachment causes Trump to lose in 2020, it should be apparent that such a loss is likely by the end of 2019. Because he is a business-friendly President, and the Dems are turning into Socialists (with all that brings, high taxes, more debt, more regulation, more entitlement, etc.), the markets will be roiled. And if QT continues, well.......you don’t need me to tell you.
2019 and early/mid 2020 are in my view looking really difficult, both politically and market-wise. Not even thinking about China and tariffs.
Markets are forwarding-looking. I’m thinking that it’s a good time to take gains, preserve them by getting into safe investments. Markets will sense the possibility of such a scenario, weigh it, and IMO start to get very volatile. We got a taste a few weeks ago.
Gold seems to sense this, too. |
|
|
