Is the Trump foolishness Unraveling ?…And the Answer…

Bitcoin and Trump’s DJT stock seem to be having some trouble here, 66,000 on Bitcoin now becomes a possibility.

The Answer, yes, it is unraveling but it will take longer than you think to get back to normal.

In the markets we have seen a wave of rollovers since maybe October 21 as it has become established that the consumer economy is headed for trouble, numbers confirmed today. Interestingly the first action of the markets were to move out of AI and Tech, the hot stocks, and go into the beat up stocks, like consumer discretionary, restaurant stocks, Private equity like KKR, BLK, and APO. This no doubt was based on thinking the fact that rates are going to be pushed lower, beat up stocks will get some play.

I do think, however that the move into the beat up areas has about run its course, so for the markets to move higher from here it will mean Tech and AI will need to raise their heads again.