Why Is Stock Market Up After The Election?
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The market likes a divided government. If the Democrats take the white house, the Republicans still hold the Senate. A Joe Bidden administration will not be able to pass a Green New Deal or raise taxes, without control of the Senate. A stimulus is likely.
The Trump legal team does not concede Arizona. Republicans want all the votes counted in Arizona and a re-count in Wisconsin. The Trump team believes they will win in Pennsylvania, Georgia, and North Carolina. A win in Arizona would keep Trump in the white house.
The ultimate winner may be Vice-President Mike Pence. If Biden wins the White House he will be a one term President. He has declining cognitive abilities and will be 82 in 2024. While President Trump did poorly with woman voters, Mike Pence has a much calmer disposition. In addition Kamala Harris is the most radical left wing Senator. She is to the left of Senator Bernie Sanders.
Kamala Harris did poorly in the Democrat primaries in 2020, and is expected to do poorly as a presidential candidate in 2024. Mike Pence served as a governor and congressman from Indiana, and has excellent likeability. Pence is the presumptive favorite to be the next U.S. president in 2024.
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Several Israeli government officials have said if U.S. returns to the JCPOA agreement Israel will go it alone against Iran. In 2015 a Joint Comprehensive Plan of Action (JCPOA) was agreed upon.
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The peace we experience from our faith in Jesus surpasses any temporary peace the world can give. It can ease your deepest fears and soothe your troubled heart. "Peace I leave with you. My peace I give you. I give to you not as the world gives. Do not be troubled or afraid." John 14.27
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Central bankers are not bankers. They are central planners who believe they know better than free markets. Central banks have trapped themselves into a corner. It is a trap with no escape, without causing a major economic crash. Boom and bust cycles cannot be stopped, only delayed.
