Former Vice-President Joe Biden may run for President in the 2020 election. He stated recently that his platform would be the Obama/Biden policies of yesteryear.
Were he to be elected, and if the old Obama policies were resurrected, we could very well see the S&P 500 Index return to pre-Trump levels around the 2200 level, or lower, as shown on the monthly chart below.
In the two years since President Trump took office, the SPX has gained around the same number of points as it did in the last four years of Obama's presidency. Those gains are in jeopardy, as uncertainty will weigh on markets in anticipation of a possible return to a more socialist agenda under Biden, or an even more far-left leaning Democrat.
Think about it...the Democrats' Green New Deal (et al) is only an election away...
* UPDATES September 21, 2019...
The fallout begins after reports surface of a so-called "whistleblower" (whether or not this person is a bonafide whistleblower is unclear at this moment) who is alleging inappropriate telephone discussions by President Trump with a foreign leader (possibly Ukraine)...and, it's beginning to look like this may, instead, boomerang back onto Democrats and, ultimately, former Vice President Joe Biden, who is running for President in the Democrat 2020 primaries...
Source: thegreggjarrett.com
Source: thehill.com
Source: nationalreview.com
Source: foxnews.com
Click here to watch video
Source: zerohedge.com
Click here to view video
Source: newyorker.com
Source: dailywire.com
Click here to watch video
And...it looks to me like if any administration was meddling in Ukraine's affairs, it was Obama's...
Source: thehill.com
On September 22, Fox TV's Mark Levin interviews author and former law enforcement officer and Secret Service Federal agent, Dan Bongino about the origins of the Trump-Russia collusion investigation.
Click here to view the video
And...from the horse's (Ukraine's) mouth...sounds to me like there's "no there there" regarding the allegations against Trump...
Source: reuters.com
Source: zerohedge.com
* UPDATE September 25...
President Trump has declassified and released a transcript of his phone conversation with the Ukrainian President...
And this analysis from WSJ editorial page columnist Kimberley Strassel...
* UPDATE September 26...
The whistleblower's complaint has been declassified and all 9 pages can be read at this link.
And...a former CIA analyst rips it to shreds...
The Federalist co-founder Sean Davis reports that the "complaint from so-called 'Whistleblower' is riddled with gossip, blatant falsehoods"...
I watched Acting Director of National Intelligence Joe Maguire testify before the House Intelligence Committee today on the whistleblower matter...and actually felt nauseated during the event.
I watched Democrat Adam Schiff, Chairman of that committee, and his Democrat colleagues shred American rights, freedom, liberty, rule of law and plain human decency during the proceedings...it was a parody of American democracy and amounted to a cruel and gross abuse of power, as was also on display by Democrats during the Kavanaugh Supreme Court confirmation hearings in the Senate.
I had hoped that kind of behaviour wouldn't be repeated, but I see that it hasn't stopped...nor do I suspect that it will until the 2020 presidential election is over. In fact, I think it will only get worse, as Democrats continue their harassment of the President with "impeachment inquiries" by various House Committees, without the legal authority of a majority vote to do so by members of the full House of Representatives...Speaker Nancy Pelosi has yet to bring it to the floor for a vote.
Thank God I'm not an American, nor do I live in the USA...heaven help Hillary's "basket of deplorables" who do (Trump administration officials and the 63 million supporters who voted for him). How they are being (mis)treated is on full public display in Congress, as well as on the streets of America.
It looks like Senator Chuck Schumer's January 3, 2017 warning to Trump (before he was even sworn in as President on January 20) was, indeed, prescient...the warning then...
And, the warning's relevance, now...
Market reaction since the 2018 midterm elections has been volatile and non-directional, as noted within the pink box on the following monthly chart of the SPX.
Price has been unable to gain much traction since it broke above the first all-time high of 2872.87, that was made in January 2018.
A drop and hold below that level could see price retest the December 2018 low of 2346.58, or decline lower.
The information that was released today in this article from The Hill's John Solomon, with respect to Hunter Biden, is extensive...
and raises two important questions at the end...
Byron York writes that "Now, there is much more to be learned, and issues to be resolved as Democrats go forward with their drive to bring Trump down. Here are eight keys to the future fight"...
In their rush to impeach President Trump, Democrats may have sabotaged Joe Biden's bid for 2020 president...no doubt, he's now under the microscope...
In any event, it seems like a few serious investigative journalists are more efficient and timely in uncovering and disseminating facts than Congress.
* UPDATE September 27...
This Fox News TV headline caught my attention this morning...it looks like Democrats' Green New Deal policies may not be so attractive for donors...combine that with what I've outlined above, and we may see their threat actualized, or, even, snowball...
And, to close out the week in markets...
* UPDATE September 29...
For an in-depth look at Joe and Hunter Biden, this video interview -- conducted today by Fox News TV host Mark Levin of author Peter Schweizer -- is illuminating and worth watching.
In any event, it looks like any President of the Unites States has a duty to investigate any information related to corruption/criminal activities, as outlined in this cover letter from former President Bill Clinton regarding a 1999 Treaty between the US and Ukraine (signed at Kiev in 1998 and ratified by the US Senate in 2000)...and, so it appears that President Trump was carrying out that duty during the course of his phone call with the Ukrainian President.
* UPDATE October 4...
This ZeroHedge tweet just popped up today..."interesting" inasmuch as Ukraine, Burisma and a CIA whistleblower are in the news this week...
N.B.
* UPDATE September 25...
President Trump has declassified and released a transcript of his phone conversation with the Ukrainian President...
Click this link to read the full transcript
And this analysis from WSJ editorial page columnist Kimberley Strassel...
Click here to read Kim's entire Twitter thread
* UPDATE September 26...
And...a former CIA analyst rips it to shreds...
Source: dailywire.com
The Federalist co-founder Sean Davis reports that the "complaint from so-called 'Whistleblower' is riddled with gossip, blatant falsehoods"...
Source: thefederalist.com
I watched Acting Director of National Intelligence Joe Maguire testify before the House Intelligence Committee today on the whistleblower matter...and actually felt nauseated during the event.
I watched Democrat Adam Schiff, Chairman of that committee, and his Democrat colleagues shred American rights, freedom, liberty, rule of law and plain human decency during the proceedings...it was a parody of American democracy and amounted to a cruel and gross abuse of power, as was also on display by Democrats during the Kavanaugh Supreme Court confirmation hearings in the Senate.
Source: thefederalist.com
I had hoped that kind of behaviour wouldn't be repeated, but I see that it hasn't stopped...nor do I suspect that it will until the 2020 presidential election is over. In fact, I think it will only get worse, as Democrats continue their harassment of the President with "impeachment inquiries" by various House Committees, without the legal authority of a majority vote to do so by members of the full House of Representatives...Speaker Nancy Pelosi has yet to bring it to the floor for a vote.
Thank God I'm not an American, nor do I live in the USA...heaven help Hillary's "basket of deplorables" who do (Trump administration officials and the 63 million supporters who voted for him). How they are being (mis)treated is on full public display in Congress, as well as on the streets of America.
Click here to watch the hearing
It looks like Senator Chuck Schumer's January 3, 2017 warning to Trump (before he was even sworn in as President on January 20) was, indeed, prescient...the warning then...
Click here to watch video clip
Source: washingtonexaminer.com
And, the warning's relevance, now...
Source: thefederalist.com
Market reaction since the 2018 midterm elections has been volatile and non-directional, as noted within the pink box on the following monthly chart of the SPX.
Price has been unable to gain much traction since it broke above the first all-time high of 2872.87, that was made in January 2018.
A drop and hold below that level could see price retest the December 2018 low of 2346.58, or decline lower.
The information that was released today in this article from The Hill's John Solomon, with respect to Hunter Biden, is extensive...
"Hundreds of pages of never-released memos and documents -- many from inside the American team helping Burisma to stave off its legal troubles -- conflict with Biden's narrative.
And they raise the troubling prospect that U.S. officials may have painted a false picture in Ukraine that helped ease Burisma's legal troubles and stop prosecutors' plans to interview Hunter Biden during the 2016 U.S. presidential election."
and raises two important questions at the end...
Source: thehill.com
Byron York writes that "Now, there is much more to be learned, and issues to be resolved as Democrats go forward with their drive to bring Trump down. Here are eight keys to the future fight"...
Source: washingtonexaminer.com
In their rush to impeach President Trump, Democrats may have sabotaged Joe Biden's bid for 2020 president...no doubt, he's now under the microscope...
Source: wsj.com
In any event, it seems like a few serious investigative journalists are more efficient and timely in uncovering and disseminating facts than Congress.
* UPDATE September 27...
This Fox News TV headline caught my attention this morning...it looks like Democrats' Green New Deal policies may not be so attractive for donors...combine that with what I've outlined above, and we may see their threat actualized, or, even, snowball...
"DEMOCRATIC DONORS THREATEN TO BACK PRESIDENT TRUMP"
And, to close out the week in markets...
* UPDATE September 29...
For an in-depth look at Joe and Hunter Biden, this video interview -- conducted today by Fox News TV host Mark Levin of author Peter Schweizer -- is illuminating and worth watching.
Click here to view the video
In any event, it looks like any President of the Unites States has a duty to investigate any information related to corruption/criminal activities, as outlined in this cover letter from former President Bill Clinton regarding a 1999 Treaty between the US and Ukraine (signed at Kiev in 1998 and ratified by the US Senate in 2000)...and, so it appears that President Trump was carrying out that duty during the course of his phone call with the Ukrainian President.
N.B. It appears to me that whether or not Joe Biden, or anyone else, would be swept up in an investigation by the Department of Justice and/or the Ukraine into any corruption/criminal activities would be incidental to the overall matter. Remember, Donald Trump was not President at the time of alleged corruption in the Ukraine prior to the November 2016 election...nor was he during the time that Hunter Biden was, allegedly, involved with Ukraine. Instead, Barack Obama was President and Joe Biden was his Vice President. These issues pre-date Joe Biden's decision to run as a Democrat 2020 presidential candidate...and, therefore, to use that argument in an attempt to impeach President Trump would be irrelevant and without merit, in my view.
* UPDATE October 4...
This ZeroHedge tweet just popped up today..."interesting" inasmuch as Ukraine, Burisma and a CIA whistleblower are in the news this week...
Source: huffpost.com
N.B.
- Further relevant information can be found at my subsequent posts here.
- No doubt, there will be many more news reports forthcoming in the days/weeks ahead...too numerous for me to continue to post. Suffice it to say, Messrs. Biden are under the microscope...whether all of this affects Joe's 2020 presidential election chances remains to be seen.
👀 Meanwhile, Putin's enjoying the
P.S.
P.S.
More updates on Joe Biden can be read in my posts here.