Loading ...The short-term is very difficult of course…that’s a gamblers mentality but I know this is how you pass the time.
That said, Trump just signed the $900 billion deal (not the $2.3 trillion package with all the pork – as far as I can tell).
The futures are all up – bitcon is through the roof – but this package is on the lower end of the scale and will have a meager impact on the economy (Americans will only get $600 either way) – not to mention the bubble economy needs ever increasing stimulus – not less.
So I say be careful.
The bankers/central planners will panic and let loose a big package only once there is a meaningful correction in stocks and not before. This is what PM’s need for a big move higher.
The larger equity complex is being held up to keep things calm while the steal is still on…so continued meager gains are probably possible (because the Kabuki is still on) – it will be labeled a Christmas Rally…but look out below once the political situation clears up either way.
That includes civil war, martial law, or an outright commie takeover (Biden victory).
Have a nice day.