Outside the Box take.. March 23, 2026…

Readers have asked me to speak to the term of Market Manipulation as I see it. But first I would need to mention that the chaotic behavior that we have been seeing in the markets did not start on February 28th with the attack on Iran by US and Israel. Markets are smart, they saw the unreality of what was happening in Washington six months earlier in late August. The culmination of what the market was seeing then, occurred on January 29th, 2026, as the Gold and Silver Markets topped. The Yin/Yang that followed and which we covered over the past couple of weeks in our comments was the aftermath. To me the bombing and oil reaction was already mixed into the cake. So, what comes next is maybe 30 days of hatching a story of Victory in the White House Situation room and then the economic manipulation for the mid-terms can really get legs.

1. To start, the base case is that in the short-term, the markets have Trump and his money associates, governmental like Bessent, Wall Street bankers and traders, plus Technology chieftains at their back.
2. What this group will not say but what is at the root of the force they apply is that government debt has no real short-term limit, the Republican Congress willfully allows throwing any amount of money into the fray.
3. The market manipulators believe they will be able to dump their positions to the unknowing peasants before the bond vigilantes take over and crash the market.
4. Of course, in the background you have the hazy fog of tariff revenues, de-regulation, and the AI Promise story to feed the mania.
5. Looking deeper into this Core setup.: Trump, the Banks, and Wall Street got in bed together before the election. The PAC’s built around the SCOTUS Citizen United ruling used their impact to bring the peasants on board in the 2024 election.
6. Look back to the lead-up to the 2024 election, even the Money God, Jamie Dimon of JPM made positive comments about Trump, although he has tried to backtrack whenever the wind blows against him.

It is all about money and greed and uses the unspoken belief that Trumper’s tell each other, that government debt doesn’t matter. Initially my read on it, is that the Treasury will buy the debt with IOU’s like they used to buy the Social Security Trust Fund. This will be correlated with Wall Street, through the Banks, Pension funds, Private Equity, plus Hedge Funds. This will go on as a game of chicken, until some group is left holding the bag. That will be the start of the Great Crash, probably commencing after the mid-terms. 

My best guess of what comes out of this is a mind-bending manipulated rally in stocks. With the online Guru’s talking about S&P targets in the 7300 to 8500 area, why not pull out the stops and think about 9999.