Friday, October 14, 2022

Bad News is Good News

The wild almost 1400 point swing in the stock market yesterday suggest to me one thing. Because Seprember’s inflation number came in hotter than expected, the Dow tanked 550 points. 

But then the realizations sunk in that this was the last such reading before the midterm elections … and likely torpedoed the Dems chances of holding onto even the Senate.

Thus, the market closed up 828 points in anticipation of Biden being a lame duck president for the next two years.


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