Everything Trump touches dies. What else would you expect from a con man who bankrupted casino? And not just one! The markets are down >7% today and even today’s relief rally was actually a failure. The futures were dragged down the whole night until the Orange moron said that they have talks with Iran over opening the strait of Hormuz (which Iranians declined and said they are in no talks with Trump so the attempted rally crashed:
That means, it was all happening in Trump’s sick head. I am extremely baffled how come Congress does absolutely nothing about this. I can’t imagine Obama or Biden doing something similar. Republicans would be screaming on top of their lungs and impeaching 24/7. Hypocrites!
But what can we expect from cowards Republicans in Congress. Half of them are MAGA (thus stupider than Trump), and other half is scared of him.
So the markets are tanking. The rally was abysmal and futures are already pointing to further decline:
Look at the delta volume! This is a full blown free fall. The only positive thing I can see in that chart is a potential bounce (the question is when) due to SPX being extremely oversold.
And $BTC is not any better:
We had a nice break up a few days ago. It all failed too. But, right now, I can see higher lows. If we create new higher highs, this chart may still be saved. Let’s see what TACO will do next.
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