Humpty-Dumpty…

Trump has to do something dramatic here or his world flips on its head. Since his pocketbook is his number one measure, look for a deal with the Democrats on the shutdown, he will go over the heads of both Thune and Johnson.

In the meantime, overvalued stocks will take some heat. At the moment that looks like 6688 on the S&P. I don’t think this changes anything for the bubble which Bessent and Trump are trying to orchestrate for the 2026 elections.

For the great mass of Americans, jobs and prices will be their goal post, however.