In an economy that over decades has grown increasingly dependent on revved-up holiday sales, investors have responded by praying more fervently each year for a Santa rally. It’s an odd metaphor, however, considering that Wall Street even at its seasonal cheeriest has a heart as cold and dark as volcanic glass. The Santa of investors’ imaginations is assuredly not the fat, jolly one originally drawn by a Dutch artist Haddon Sundblom for the Coca-Cola company, but rather someone more like Fed Chairman Jerome Powell gone silly in a headdress of fluffy white dove feathers.
Unfortunately, Powell has not left much room for silliness in this holiday season. Gone are the days when Neiman Marcus could get a rise by featuring his-and-hers Bentleys in their Christmas catalog. The typical American household is thinking about more practical presents in these recessionary times: PG&E gift certificates…bread machines and pasta makers…survivalist seed packets…battery chargers.
More Turbulence
The result for investors has been a balky stock-market shaped more by Scrooge than Santa. Even with bullish seasonality at maximum force last week, the Dow Industrials could muster only a 300-point gain. They closed on Friday at 33,203, down a thousand points since Thanksgiving. More turbulence seems likely in the final days of 2022. Perhaps the best we can hope for when the markets lurch into gear on January 3 is that stocks continue to drift through a circa 1914 minefield without triggering a nuclear war or the debt deflation we all know is coming. [What do the charts say? Click here for my latest interview with Howe Street’s Jim Goddard. RA]
You know who is else is laughing at the people? The Musket clown.
Sometimes you have to take a wider perspective to see the forest.
Because at the moment too many unconscious people only see the clownish character of the Musket traitor double agent.
https://davidicke.com/2022/12/27/elon-musk-same-shit-different-asshole-man-of-the-people-ha-ha-ha-ha-ha-ha-ha/
He’s setting up a worldwide internet network with starlink
He wants to produce cell phones
He wants to implant chips in your head
He wants to sell you programmed electric cars
He wants to create vaxx printers with his curvac corp to modify people genetics
It looks like technological domination to me.
Musket a puppet of the WEF