Peak Trump happened on September 21, 2018 when the S&P 500’s giant bubble topped out at 2940. It has been downhill for the market ever since then; and with far more meltdown to go, it means that the Donald, too, is heading for a great big fall.
Indeed, we think the odds that he will be accorded the Dick Nixon Memorial Helicopter ride to Gonesville before the end of his term are, once again, not inconsiderable.
That’s because at the end of the day the Donald is not remotely the force of nature he’s been made to seem by the Trump-obsessed media. To the contrary, he’s actually a political flyweight, megalomaniacal incompetent and bile-ridden bully who stumbled into the Oval Office against all odds; and then lucked-out a second time by riding the final tw0-year crest of a deeply impaired and unsustainable economic recovery cycle and monumental stock market bubble.