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Uncertainty and the Future

Uncertainty and the Future

QUESTION: I would imagine that if Trump is able to prevail in the courts and earn a second term social unrest would be profound but what would be the effects on the markets?

RM

ANSWER: There is still a shot that Trump can prevail if he can stop Biden from reaching 270 votes and that would throw it into the House of Representatives where each state would get one vote and Trump would win in that scenario as took place during the election of 1824. But PA has certified Biden as the winner and then a state judge ruled against the governor. Then lawsuits against Georgia, Michigan, and Wisconsin raise the stakes of perhaps preventing Biden from getting 270 sending it into the House of Representatives.

What is clear from Socrates is that civil unrest will rise no matter what. If Trump can prevail or the Republicans can keep the Senate, then the Great Reset agenda will be stalled. But Biden can still use executive orders if he takes the White House to try to impose lockdowns etc overriding Congress. In Theory, Trump could have used executive orders ordering the State to end lockdowns but that would have been used against him and the Democrats argued he lacked that power. With Biden, they would say he has it.

My OPINION is just an OPINION. This year has been off the charts and it is still not over. Socrates just follows the markets and that is the only tool we have that is not subject to personal opinion which I seriously doubt anyone will be correct in this mess other than sheer luck. Nobody has lived through this type of market. The press attributes the rally to the vaccine. Let’s be honest here, that is propaganda. The Dow took the lead only because of international capital flows.

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