"We've got a lot of killers."
That, and the headline above are things our President said on Fox ahead of the Superbowl. That followed up on his tweet on Friday that Iran is "playing with fire" which has been keeping Oil (/CL) up around the $54 line so we can thank President Trump for another GREAT opportunity to short oil this morning below the $54 line.
Trump has been on the warpath all weekend because hundreds of top business leaders are petitioning against his immigration ban and a the 9th US Circuit Court struck down his ban on Sunday, which led Trump to tweet: "What is our country coming to when a judge can halt a Homeland Security travel ban?"
Yeah, that system of checks and balances upon which our entire Constitutional system is based – what a disaster! Despite overwhelming "fake news" polls that show the vast majority of the country think the Travel Ban is going too far, Team Trump is appealing the matter to the Federal Appeals Court in San Francisco but, you know – San Francisco – so it's likely this will fly (unlike Arab immigrants) towards the Supreme Court soon enough.
Uncertainty is not a good thing for the stock markets and the CEOs that are protesting the ban are flat-out saying it's bad for their companies so, if Trump wins, companies like AAPL, FB, GOOGL, MSFT, HPQ are flat-out saying they will lose business and a long-term competitive edge? It's a good time to have Ultra-Short Nasdaq (SQQQ) hedges!
Open Borders are now closed, the era of Free Trade is ending, Financial Regulations are being reversed, 1/10th of the US Population is losing its Health Care, US policy on Climate Change has reversed and we're back to war talk in the Middle East and you think this isn't going to affect the markets?
If everything that was happening for the past 8 years has been bullish – as the Dow climbed from 8,000 to 20,000 (up 150%) under the "terrible" Obama Administration, how will the opposite policies also be "GREAT" for the markets under the Trump Administration. Are we saying that, in the…