Market Talk – May 2, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 37.98 points or -0.10% to 38,236.07 Shanghai closed Hang Seng increased 444.10 points or [...]
The political unrest is rising. In Pennsylvania, nearly 60,000 people have changed their political party in order to vote for Trump in the primary. There is clearly a growing dissatisfaction with those in power. One would have thought Hillary was a shoe-in for a coronation, but the rising dissatisfaction with government has made Bernie Sanders a strong second place candidate. Philadelphia, famous for its murals, displays a mural for Bernie Sanders — not Hillary.
We will see this trend continue into the 2018 Congressional elections. We will also see the anti-immigration trend rise in the U.S. since, historically, that trend moves in tandem with economic declines.