We’re less than one week out from this year’s Irrational Economic Summit, and let me tell you, we could not have picked a better place to hold this year’s conference. Washington DC in the middle of this political climate? Just perfect. And we couldn’t have a better keynote: David Stockman, the former Congressman and Budget Director under Ronald Reagan. His knowledge of the intersection of politics and finance is ideal for these headwinds, and I can’t wait to hear what he has to say.
As for what I’ll have to say, well, there’s plenty to be talking about. But I’m going to focus on two things:
- The very unusual and atypical triple megaphone top we’re seeing right now in the markets. This is the next phase of our long, slow march towards a crash that you need to get you need to get ahead on, because it’s obvious to me that Wall Street won’t.
- The “Trump Wild Card Scenario.” Let’s face it, Trump’s not having a good run these days. But then again, neither are many of the Democrats. Biden’s stumbling, Bernie’s in the hospital. The only one who seems to have any momentum is Elizabeth Warren, which is bad news for the banks. But it won’t be easy for her should she go face-to-face with Donald Trump. It never is. And Trump will do anything to hold power, so expect a few tricks. I’ll forecast one next week.
A busy talk for busy times, and I’ll also have a few nuggets of advice about what to do about your current holdings. More there , and in the Friday rant below.
IES 2019 is right around the corner! This year couldn’t be more important as we get closer to the 2020 election so we’re hosting it right in DC. Speaking of politics, Harry Dent wants to know when the markets are FINALLY going to wake up & realize Warren is the most likely candidate…and winner. Watch now to get his take on this week’s political news & more: Can’t make it to DC? Sign up for the IES Livestream Access Pass: https://pro.dentresearch.com/m/1366551
Posted by Economy and Markets on Friday, October 4, 2019