WE ARE MOVING INTO A PROFOUND HISTORY SETTING US ELECTION AND NATION DIRECTION PERIOD WITH INCREASED MARKET VOLATILITY LIKELY,
WE ARE MOVING INTO A PROFOUND HISTORY SETTING US ELECTION AND NATION DIRECTION PERIOD LIKELY TO LAST UNTIL THE END OF THE YEAR,
risk of rising violence and wars,
chance of calming, but perhaps not until the very end of the year,
buckle your seat belts,we may get this right,
The immediate market swings and reactions to the Trumpo assassination attempt are silly. Yes, they may help Trump votes a little, but it also draws out more Biden voters as everyone becomes intensely aware how important this election is.
To get a handle on just how vicious the politics has been on the Hill, only today has the Administration decided to provide secret service protection to Robert Kennedy. He has had zero protection until today.
This has been denied despite repeated requests.
This is standard practice since the shooting of his Father Robert Kennedy who he was standing with at the time at the age of 14 years. Congress changed the regulations at the time to protect all candidates.
This is a man who lost both his father and uncle, JFK, to assassination.
This is a man who is climbing in the polls.
Half way through the debate I published a TikTok declaring early,
the WINNER of the debate.
Robert Kennedy.
Recommended by LinkedIn
He wanted to participate, but was denied.Both Biden and Trump did not perform well. So all the debate really did was help Kennedy.I said this half way through the debate. In some polls, Kennedy went up as much as 8% in the week after the debate. Probably Democrats mainly.
Kennedy is doing far better in the polls than either major party or the mainstream media want to admit. He will be a surprisingly major force in this election. There is a twist here and there, where there is a path to the White House in fact. He may well begin to pick up donors from Biden. That would make things very interesting indeed.
Kennedy has said he is ready to be the Democrats nominee.
I have said since before the debate that the only way the Democrats will win is to replace Biden with Kennedy as their nominee. By the way, Biden is saying he will stay, but the donors, the MONEY, is saying no more and holding back what has already been pledged, unless he is replaced?
Biden has responded admirably to the events of the past few days.This will help him and there will be greater voter participation on the day which will help the Democrats.
Trump is on a roll. Not the kind he would want.
Nevertheless, he remains by far the most likely victor in this most epic of modern day Presidential elections.
His policy changes will be immediate, bold, strident and for many will create intense anger.
For business and the economy, though people don't like to hear me say it, his economic approach could be positive. In fact, is likely to be.
Finding a way through all of this in terms of protecting and growing your portfolio is now my number one priority. I believe, rather than being a factor, this US election could come to dominate most western financial markets over coming months. Similarly, the 'on the street' response in the US to the trending developments as they occur from here.
The financial media is in the main extremely biased toward Biden. It is barely disguised in most US major financial media houses. In your own trading and investing, be aware of this bias. Irregardless of its humanitarian or well intended nature, it is a skew that could lead you astray in your portfolio.
Clifford Bennett
www.cliffordbennett.com.au
ACY Senior Currency Strategist at ACY Securities
5moWell said Clifford.