Another week of stock market resiliency in display. Looks to me the bears are now trapped and a breakout to the upside is very likely. Next week is option expiration week. Be ready for more volatility ahead.
Newt Gingrich did a polite talk about what US Democratic Party is all about over the past 50 years. If you are an older adult who still stand by the democrats after what Trump and Musk exposed, you need psychological help to fix your brain. If you are brainwashed since childhood believing in Dem’s doctrine, you will resend everything Gingrich said anyway.
So how do the Dems and MSMs fight back against this disastrous week? They choose to lie and made up terms like “constitutional crisis” to distract the public while their own elected presidents in the past have done exactly the same to save the country from bankruptcy.
So will this Trump / Musk combo really turn around the fate of US? Not so easy.
At this point, there will be enough illegals in US to start a war against the country, not from outside, but from within. There are also many Dem states that do not want the gravy train to stop and they will do everything to resist. Cutting off the money supply at the source level is a great counter-strike by Trump / Musk, but the blow back from spending cut is recession and depression. It will take at least several years for US to adapt to a new economic environment while fighting against their international enemies.
So by mid-term election, Trump may no longer have the votes needed to control both senate and congress …
But not everything is all doom and gloom. The coming years also point to major breakthroughs in AI and other frontiers. These changes will happen so fast that enormous opportunities are coming to those who manage to join the ride.
For me, it was just another quiet trading week.
Back to work on our projects as usual.
Have a great weekend all!
