If the farce of impeachment has had an impact on the stock market, it appears to have steepened the bull’s ascent. A fact not lost on investors is that Trump’s reelection odds have probably gone up as a result of the Democrats’ ill-conceived, relentless attempts to sink him. Pundits still talk as though the 2020 election will be close, but as things stand, a pro-Trump landslide appears more likely. Biden’s own Ukraine-related transgressions are far more serious than anything Trump is alleged to have done, and only voters terminally afflicted with Trump Derangement Syndrome could fail to see this.
As for the competition, does anyone actually believe a Socialist who lives for the chance to swing a wrecking ball at the U.S. economy, could get elected with unemployment running at 3.5% and the stock market hitting record highs? Hillary and Mike Bloomberg are waiting in the wings and probably have a better chance of unseating Trump, but not much. The latter, a white billionaire, will have more than a little difficulty getting nominated at a convention controlled by the Democratic Party’s ultra-left wing. As for Clinton, she is as disingenuous, corrupt and unlikeable as ever, and only a hack editorialist at the New York Times or some idiot pollster could think she has a chance of regaining the White House.
The Biggest Risk
The foregoing notwithstanding, a bear market that comes, as they always do, from out of nowhere, could still spoil Trump’s re-election bid. Odds of this happening will decrease with each passing month, and the waxing bullish effect could soar out-of-control if stocks are holding steady come summer. In the meantime, the bull market and an exceptionally strong economy have made a mockery of the impeachment hearings, which almost no one is watching anyway.
The democRATs know their circus will fail, and their tell is the passing of the United State-Mexico-Canada Agreement. Nancy wouldn’t have bothered letting the House vote on it, if she really thought there was a snowball’s chance they could get rid of President Trump (then inject whatever poisonous deal they had in mind, instead). Another tell is that the media has barely mumbled a whisper about the deal passing in the Senate. And if the ‘rats know Trump and the USMCA can’t go away, then so does Kevin “Darn… my replacement balls were on that plane!” Trudeau. Canada will sign the deal and that’ll be that!
So the only question is, with 2020 being only three weeks old… What are we going to talk about for the rest of the year?!