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Nothing ever happens. Old, fat, Fox News-watching boomers will grunt and groan for a while but people will gradually forget about Trump. The Deep State will triumph and after Trump eventually dies a Nikki Haley-type figure will return the GOP to its blissful days of corporatist, Reaganite neoconservatism.
The only time something happens is when the economy collapses. Politics like this is just a sideshow. Keep your eyes open wide when the Dow Jones goes down to 25,000, when the unemployment rate hits 8 percent, or when housing prices drop by 40 percent. The Dow is down by about 2,000 points from its all-time high in the past several days.
Honestly SPX needs to take a hit to bring it back down to earth compared to the rest of the world's equity markets. US equity valuations are insane and not justifiable when comparing to the rest of the world.
Yesterday I had a special smile on my face because the US markets went down while the UK's market went up. It's a rare day when this happens but always one to be pleased about.
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