The Next Crisis Is Already Baked Into The Cake

images-sFundamentals won’t matter until the election, and then fundamentals will be all that matter. No matter who is in charge, the system is heading for crisis.

Friday was one of those days where you walk away from the screen for a minute and come back to find a completely different market. All it took was the FBI finding a trove of new Clinton emails, thus breathing new life into the Trump campaign and throwing what was a foregone conclusion back into doubt. Stocks tanked and gold popped, illustrating Wall Street’s preference in the upcoming election.

It will be this way until the vote, especially if polls continue to tighten and the outcome remains uncertain. So there’s no point in obsessing over fundamentals for now. Nothing real will matter until we find out who gets to mess things up going forward. It’s reminiscent of the original Ghost Busters where the demon/god says “Choose the form of your destructor.”


Source: Don’t Sweat The Election. The Next Crisis Is Already Baked Into The Cake –