XJO - Bear Posts only (Factors which might cause the markets to fall), page-16326

"How quickly the narrative changes? Are we seeing the beginning of the first leg down in what will eventually become the market crash?"

Yep, I reckon so - it's a game changer. Look out below!

Looks like Biden is dropping out and they are using this covid infection BS as the excuse why he can't continue. The truth is the economy is crumbling and Biden will be blamed for it if he stays - so he has to go.

They will probably pick Kamala Harris as Biden's replacement and focus on welfare (handouts) as their re-election strategy. So, now the market will (has to) go down (along with the economy) so that they can justify giving everyone a big rate cut just before the election.

The Republicans have said they are going to make the fed accountable (biased) if they cut rates before the election. So, to justify the rate cut, they need the market to go down and unemployment to go up. (Its already doing that.)

The Republicans have to be careful, because Harris will say, "We gave you the rate cuts. The republicans tried to stop us."

I doubt that this strategy will work with Trump. Its all going to zero regardless of who wins to defuse the debt bomb - expect the markets to drop by about 40-80%.