Trump / Musk (other than DOGE)

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Agree that the market didn’t have a bad week solely because of the incoming president-elect, but it’s also likely true that this week, as Trump started making his cabinet appointments and as more and more Trump 2.0 policy aims have begun solidifying, investors are starting to realize that the incoming administration is going to be full of chaos, disruption, and volatility- all of which the markets aren’t generally fond. Pharmaceutical stocks, for example, fell yesterday immediately upon the RFK Jr. announcement.

I’m not worried that there’s going to be a stock market crash or anything. I do think there’s going to be a bear market soon. We have been due a correction, and Trump’s tariffs (and other idiotic policies) will probably hasten it. I personally don’t have any plans or desire to do anything other than continuing to pour lots of money into equities, but I also have an enormous risk and a very, very long time horizon before which I need my investment portfolio.
 
CFordUNC said:
Agree that the market didn’t have a bad week solely because of the incoming president-elect, but it’s also likely true that this week, as Trump started making his cabinet appointments and as more and more Trump 2.0 policy aims have begun solidifying, investors are starting to realize that the incoming administration is going to be full of chaos, disruption, and volatility- all of which the markets aren’t generally fond. Pharmaceutical stocks, for example, fell yesterday immediately upon the RFK Jr. announcement.

I’m not worried that there’s going to be a stock market crash or anything. I do think there’s going to be a bear market soon. We have been due a correction, and Trump’s tariffs (and other idiotic policies) will probably hasten it. I personally don’t have any plans or desire to do anything other than continuing to pour lots of money into equities, but I also have an enormous risk and a very, very long time horizon before which I need my investment portfolio.
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Sure, it's possible that the market is digesting this information. But in today's world, it's important to understand that so much trading is algorithmic. Big Pharma stocks fell upon the RFK Jr announcement? RFK Jr. can't do anything to affect Pharma's bottom line. But investors have AI programs to read news and trade on them. The algorithms are designed for very short-term use, which creates self-fulfilling prophecies. An AI program might see the news, connect RFKJ to anti-Pharm and then immediately sell. And why not? If everyone uses these same tools, the effect of the RFKJ announcement will in fact cause the stock to drop in the short-term, even if the fundamentals haven't changed.

A stock market crash is within the realm of possibility. In the past, markets have tended to weather the uncertainty of fights over the debt ceiling on the assumption that cooler heads will prevail. There are no cooler heads right now. So could the market utterly freak out if there's another debt ceiling stand off (especially if Trump is the one holding out, which seems likely)? Yes.
 
With the news of Hegseth being involved in a sexual assault scandal, that brings the total up to four, by my count, in this administration.
Hegseth
RFK
Gaetz
And of course, Mango Mussolini himself is an adjudicated rapist.

I’ll ask this again. How do we look women in the face and expect them to feel safe? How do we expect them to come forward and accuse an attacker in this climate? I’ve given serious thought about moving. If I had daughters, I’d already be gone.
 
nycfan said:

Greg Sargent (@gregsargent.bsky.social)

Awful: Senate investigations into Trump's solicitation of $1 billion from Big Oil and Jared Kushner's financial dealings with Saudis will now hit a wall with GOP control, Dems tell me. We're headed for unchecked elite corruption under Trump. New piece from me...
bsky.app bsky.app

Article link since the Bluesky embed is a little different than X:

newrepublic.com

Trump’s New Oligarchy Is About to Unleash Unimaginable Corruption

The elevation of Elon Musk to a key role suggests that right-wing elites are set to embark on a spree of sordid self-dealing.
newrepublic.com newrepublic.com
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Must read 😐
 
dukeman92 said:
With the news of Hegseth being involved in a sexual assault scandal, that brings the total up to four, by my count, in this administration.
Hegseth
RFK
Gaetz
And of course, Mango Mussolini himself is an adjudicated rapist.

I’ll ask this again. How do we look women in the face and expect them to feel safe? How do we expect them to come forward and accuse an attacker in this climate? I’ve given serious thought about moving. If I had daughters, I’d already be gone.
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Well, he did promise to “protect” women whether they like it or not. Maybe someone should have asked him for a definition of protection.
 
lawtig02 said:
Well, he did promise to “protect” women whether they like it or not. Maybe someone should have asked him for a definition of protection.
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You should have tuned into the subtext.


Every breath you take
And every move you make
Every bond you break
Every step you take
I'll be watching you
Every single day
And every word you say
Every game you play
Every night you stay
I'll be watching you
 

Trump’s transition team caught off guard by Hegseth allegation​

“… Trump had announced he was tapping Hegseth as his next secretary of defense after only days of considering the veteran-turned-Fox News host and very little internal vetting. Within 48 hours, the heads of Trump’s transition team were brought a complaint about a sexual assault allegation regarding Hegseth.

The campaign was brought information that aligns with what Monterey, California, police described as an investigation into “an alleged sexual assault” involving Hegseth on October 8, 2017.


Hegseth was a speaker at a conference held by the California Federation of Republican Women at a hotel during the timeframe when the alleged assault took place, according to photos of the event posted on Facebook. Hegseth has not been charged in any criminal case or named as a defendant in any civil lawsuit filed in Monterey County since 2017, and his attorney denied any wrongdoing.

But the nature of the allegations caused incoming chief of staff Susie Wiles to question Hegseth during a call Thursday, a source told CNN. Wiles asked Hegseth if there were any other issues the team should be aware of moving forward. …”

——
You don’t have a lot of credibility claiming you were ambushed by any such claims when you publicly disdain and opt out of formal vetting.
 
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