Well, the crash is here! The S&P is about to fall more than 10%, wiping out the year's gains.
I thought this was going to be the same old story again: the Democrats looking great in the polls, then falling flat when it came time to vote.
But it turns out the polls were too conservative this time.
The Republicans got crushed—they lost everything, down to their underwear!
Sure, the election results matter.
But what matters more is what Trump will do when he sees the results—and just how big a mess he’ll make!
The Democrats have taken both chambers. Trump has lost all his legislative power.
Of the powers he has left, there’s only one that doesn’t need Congress’s approval: the military.
The new Congress takes office in January. That leaves him just a few weeks.
The worry is that he’ll escalate military action against Iran during those few weeks.
If war breaks out, the S&P will fall more than 10%, wiping out the year's gains.
Look at those rednecks in West Virginia.
Not the MAGA kind—the farmers in a solid Republican stronghold.
They thought they’d finally found someone willing to listen to them, but all they did was elect a totally shameless, crazy old-money developer.
The only things Trump really cares about, besides drawing candlestick charts, are renovations.
In his final campaign speech the night before the election, he even spent more than 20 minutes talking about his renovation record.
Come on, who can keep a straight face?
In his first term, apart from getting revenge on Obama, he at least had some political ideals.
In his second term, all he wants is material gain and a good reputation—he treats the presidency like a game.
His voters have naturally become NPCs, too.
Nobody cares about the NPCs' bills.
Their river gets drained to cool data centers, and their electricity meters spin backward at full speed.
But the NPCs don't matter.
What matters is which button the player presses after losing system privileges.
No legislative power.
No budgetary power.
What does he have left?
The military.
And this window of a few weeks before January.
The US military has already struck Qeshm Island.
Two days ago, a bearish candle sent oil prices crashing 7% in a single day, with Brent dropping from 117 to below 106.
Yesterday, it bounced back 1.6%.
The market is speculating, but hasn’t dared to price it in yet.
My sequence of doom was about internal landmines: money and permits, hitting the highly leveraged crowd.
Today’s are external landmines: war and oil, hitting the entire S&P.
Internal or external, not a single landmine is missing.
$QQQ
I thought this was going to be the same old story again: the Democrats looking great in the polls, then falling flat when it came time to vote.
But it turns out the polls were too conservative this time.
The Republicans got crushed—they lost everything, down to their underwear!
Sure, the election results matter.
But what matters more is what Trump will do when he sees the results—and just how big a mess he’ll make!
The Democrats have taken both chambers. Trump has lost all his legislative power.
Of the powers he has left, there’s only one that doesn’t need Congress’s approval: the military.
The new Congress takes office in January. That leaves him just a few weeks.
The worry is that he’ll escalate military action against Iran during those few weeks.
If war breaks out, the S&P will fall more than 10%, wiping out the year's gains.
Look at those rednecks in West Virginia.
Not the MAGA kind—the farmers in a solid Republican stronghold.
They thought they’d finally found someone willing to listen to them, but all they did was elect a totally shameless, crazy old-money developer.
The only things Trump really cares about, besides drawing candlestick charts, are renovations.
In his final campaign speech the night before the election, he even spent more than 20 minutes talking about his renovation record.
Come on, who can keep a straight face?
In his first term, apart from getting revenge on Obama, he at least had some political ideals.
In his second term, all he wants is material gain and a good reputation—he treats the presidency like a game.
His voters have naturally become NPCs, too.
Nobody cares about the NPCs' bills.
Their river gets drained to cool data centers, and their electricity meters spin backward at full speed.
But the NPCs don't matter.
What matters is which button the player presses after losing system privileges.
No legislative power.
No budgetary power.
What does he have left?
The military.
And this window of a few weeks before January.
The US military has already struck Qeshm Island.
Two days ago, a bearish candle sent oil prices crashing 7% in a single day, with Brent dropping from 117 to below 106.
Yesterday, it bounced back 1.6%.
The market is speculating, but hasn’t dared to price it in yet.
My sequence of doom was about internal landmines: money and permits, hitting the highly leveraged crowd.
Today’s are external landmines: war and oil, hitting the entire S&P.
Internal or external, not a single landmine is missing.
$QQQ
