Market Witch is a Compendium of Theory, Context, and Information About the Equities Markets and the Factors Which Affect Them.

A Season of Extremes

It’s very definitely a time of extremes. Job openings in the US hit a record 7.136 million. Trump has already raised more than $100 million in funding donations for his 2020 reelection campaign fund. The USA’s 2018 federal budget deficit is already $779 billion, the highest in years and up 17% on the year. The USA’s 2018 midterm elections are six days away and they are the most important midterm elections in many years and the results will impact Americans for at least a generation, perhaps decades.

They’re a referendum on the Trump presidency. They’re a referendum on the atrocious behavior during the Kavanaugh supreme court justice hearings, which have generated unspeakable rancor and pledges of revenge on both sides. They’re a referendum on the ‘innocent until proven guilty’ system of American justice and a referendum on the women’s #MeToo movement, which has already spawned a powerful #HimToo movement among men. The US mid-term elections are a referendum on mob rule in the United States.

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