New York, NY – Signs pointing towards a Trump reelection. No, we aren’t talking about the socialism on display at the Democrat’s National Convention. We are talking about a term coined during the Clinton campaign in 1992. Yes, we’re talking about Bill, not Hill. The term was “It’s the economy, stupid!”. It may be the reason Dem Governors are keeping states and economies shut down.
Do you remember back in 1992 or the movie, The War Room (if you don’t, you’re not a political junkie), and the election? The 1992 Clinton campaign knew if they focused on the economy, it would be vital in beating George H.W. Bush (Bush 41). The economy sucked in 1992, people needed a reason to switch leaders, and the Clinton people knew voters vote with their pocketbooks.
Unfortunately, the result was eight years of Slick Willy. Of course, if you like President Trump – without eight years of Clinton, Trump may not be our President. Bill enabled Hillary to climb the political ladder to become the worst Presidential candidate in history. However, the jury is still out on Biden-Harris.
Signs pointing towards a Trump reelection.
Unless you live in a cave, you know that President Trump had presided over one of the best economies in history. That is until COVID-19 hit. If “It’s the economy, stupid”, then it’s not much of a leap to think that Trump was going to cruise to reelection. The ethe China virus hit, and Democrat Governors started doing lockdowns and closing down businesses.
Even as testing increases and death rates fall, Dem governors are still keeping states from re-opening. Contrast that with Governor Kristi Noem in South Dakota, where COVID cases are low, and the economy and state was never in lockdown. We think there is a concerted effort to destroy the President’s reelection chances by Democrats.
Fortunately, this evil plan by the Democrats isn’t working. Markets are soaring to new pre-COVID highs. From Fortune magazine:
Wall Street clawed back the last of the historic, frenzied losses unleashed by the new coronavirus, as the S&P 500 closed at an all-time high Tuesday…The day’s move was a relatively mild one, nudging the index up 7.79 points, or 0.2%, to 3,389.78. That eclipses the S&P 500′s previous record closing high of 3,386.15, which was set Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.
STAN CHOE, ALEX VEIGA, DAMIAN J. TROISE, AND THE ASSOCIATED PRESS, S&P 500 hits a new record, erasing last of pandemic losses, Fortune, August 18, 2020
Signs pointing towards a Trump reelection.
Ruh-Roh! Markets are rebounding, and this is a sign that the economy is somewhat healthy. In fact, if states would just open back up, people could get back to work, and we could see a bigger rally. Weird the Dems are allowing this [sarcasm].
More from Fortune:
The S&P 500′s milestone caps a furious, 51.5% rally that began in late March. The index, which is the benchmark for many stock funds at the heart of 401(k) plans, is now up nearly 5% for the year.
STAN CHOE, ALEX VEIGA, DAMIAN J. TROISE, AND THE ASSOCIATED PRESS, S&P 500 hits a new record, erasing last of pandemic losses, Fortune, August 18, 2020
So, the rebounds have helped retirement plans. That means older Americans, who vote in higher percentages than these Millenials, will want to maintain the status quo – meaning they will not want to change leadership. A secret vote for Trump, maybe? We’re betting on it!
So, how historic is this rebound of the stock market? More from Fortune:
The stock market’s sprint back to an all-time high also means that the gut-wrenching, nearly 34% plunge for the S&P 500 from Feb. 19 through March 23 was the quickest bear market on record. It lasted barely more than a month. Compare that with the 19.6 months that it’s taken the average bear market to bottom out, according to S&P Dow Jones Indices.
STAN CHOE, ALEX VEIGA, DAMIAN J. TROISE, AND THE ASSOCIATED PRESS, S&P 500 hits a new record, erasing last of pandemic losses, Fortune, August 18, 2020
Now that’s a tiny BEAR! This is pretty historic, the bear market (people less likely to invest, and more likely to sell off their equities) lasted about a month, the shortest on record.
Then what about the DOW and Nasdaq, the other two major indicators of the financial markets? They’re doing ok as well:
The Dow Jones Industrial Average fell 66.84 points, or 0.2%, to 27,778.07. It remains 6% below its record set in February. The Nasdaq composite had already returned to a record, thanks to huge gains for the big tech stocks that dominate it. It hit a new one Tuesday, climbing 81.12 points, or 0.7%, to 11,210.84.
STAN CHOE, ALEX VEIGA, DAMIAN J. TROISE, AND THE ASSOCIATED PRESS, S&P 500 hits a new record, erasing last of pandemic losses, Fortune, August 18, 2020
The DOW is barely below its all-time record, and Nasdaq has already rebounded. If these socialist governors would let people get back to work, we can really start the healing from COVID. We need to re-open now, no more politics. Even if you don’t like Trump, there is something more important at play here.
Signs pointing towards a Trump reelection. What do you think? Are Democrats preventing the economy from ultimately rebounding? Will Trump be reelected? Write your comments below and on social media!
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