Maddog- I don’t agree with that opinion either. These people will never embrace Trump or MAGA. Business might be relieved not to have to implement DEI and will like tax policy but they put their fingers in the air to see which way the wind blows when it comes to government. The minute he takes office it will be a full blown war. They will resist and undermine everything he does. They will use their corrupt judges to stop everything they can. It’s vital that Trump and DOGE eliminate every department under their purview and then proceed to move agencies outside of DC and into Red states to break up their power base. Powell needs to be challenged and fired, let the Supreme Court decide that. The Demons always accused Trump of being authoritarian, now since they were, he has to be to fix the damage. Lawsuits will come daily.
Captain – I’m not sure I agree with you either. Why are we pushing the goalposts back again? A couple of months ago we were talking about the first of the year, now we’re pushing to the back half of 25, early 26? The ducks are lining up now, the dollar may be cracking, and rates may have topped. Seasonally, Jan. – May have usually been good for pm’s and shares. The liquidity problem according to your boy Farber will take place after the first of the year and QE begins. The crap we’re seeing this week, is just that.
Sometimes I think pm analysis is so jaded by years of manipulation, we’re looking for a correction around every corner. We have a 30% move higher and everyone is looking for us to give half of it back.
Friday might be crap, but oddly enough GDXJ has outperformed all day in a down SM. I see some juniors moving.