January 7, 2021

Wall Street’s Reaction to Capitol Building Riots

Midas Letter
Midas Letter
Wall Street’s Reaction to Capitol Building Riots

How did Wall Street react to what has been described as “one of the darkest days for American democracy”? And how will markets continue to react to the total government control of the Democratic party as they hold the narrowest majority in the Senate?

The answer to the first question: Like nothing even happened. The Dow Jones Industrial Average (INDEXDJX: .DJI) even reached another record high. Investors and traders are mostly looking past the violence in Washington D.C. and are looking forward to furthering economic stimulus.

That economic stimulus, coupled with easy money being printed by governments and central banks and the spending the democrats will disperse to stimulate the economy all point to a very bullish future.

Watch the full interview for our predictions in this new government environment.

P.S. Watch the interview until the end, where we give away a stock we will be keeping a close eye on in the short-term.

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