Trump election frenzy: Good or bad for your stocks?
With just four weeks to go, this midterm election is shaping up to be the most momentous in history, and President Trump is jumping in.
So last week, I asked readers a simple question: “What do you think is going to happen in the stock market as a result of the November elections?”
I obviously struck a nerve …
Frank writes, “No matter the outcome, there will be a sizable minority who will feel all is lost and take matters into their own hands, probably violently. The Left has already shown, from the 2016 campaign onward, their penchant for violence.”
Nick puts it this way: “There has never been a President like Trump and there has never been a stock market with President Trump leading the U.S. economy by his unconventional wisdom. This is NOT your father’s stock market economics and patterns of the PAST!”
James says, “I think we’re looking at an impeachment crisis after the Democrats win in November. I worry that it will crush the stock market and wipe out everything I’ve made in this bull market.”
Tony chimes in with a litany of facts: “We have the biggest tax cut since Ronald Reagan, and it’s giving a shot in the arm to corporate profits.
“We have the biggest employment boom in decades.
“Giant American companies are repatriating tons of money from overseas.
“They’re pouring a big chunk of it into the biggest stock buybacks of all time.
“Tons of new money is going straight into the pockets of shareholders.
“Even the Fed chairman, who is usually guarded in his assessment of the future, says that the U.S. economy appears to be in the midst of a remarkably positive period that is unprecedented in modern history.
“And people want to kill this golden goose?!”
But Mike warns about interest rates: “30-year bond yields have been moving higher for over a year. So have nearly all other interest rates. Just yesterday, they spiked — literally went through the roof. This is ominous.”
I want you to join this discussion!
I’m inviting you to join me in a special video briefing this coming Wednesday. There will be no promotion whatsoever. Nothing at all to buy. Just the help you need to keep your family safe and your wealth intact and growing.
So mark your calendar for Wednesday, Oct. 10, 2 P.M. Eastern Time.
That’s when I’ll give you my views and my feedback to your specific concerns. I’ll be joined in person by actual subscribers with their most-pressing questions.
We will begin promptly at 2 p.m. Eastern time. You don’t have to register. A few minutes before the hour, just go to this website. In fact, you can even bookmark it now.
In the meantime, if you have not yet given me your comments and questions — or you’d like to do so again — click this link and leave a comment on the Weiss Ratings blog.
Good luck and God bless!