2/ In Nov 1928, Herbert Hoover won the US presidential election
Amid one of the strongest stock market rallies ever seen
The euphoria carried on for a few months post-election
But eventually gave way to Black Tuesday and the Great Depression
Leading to nearly a decade of… pic.twitter.com/INJJ0m5pcB
— Bravos Research (@bravosresearch) November 26, 2024
4/ Then, in November 2000, George W. Bush won the election
Coinciding almost exactly with the peak of the dot-com bubble
This also marked the end of a 10-year rally and the beginning of a decade-long decline in stocks pic.twitter.com/izfFmrao78
— Bravos Research (@bravosresearch) November 26, 2024
6/ Now, not every election has led to market crashes or extreme recessions
But going into the 2024 election, the market has again seen a significant rally
— Bravos Research (@bravosresearch) November 26, 2024
S&P 10 P/E 30x
S&P 490 P/E 19x pic.twitter.com/YvLRFxFmLt— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) November 25, 2024
Japan and China are dumping US Treasuries:
In Q3 2024, Japan sold a net $61.9 billion of Treasuries, the most on record.
This was the second consecutive quarter of selling after $40.5 billion in Q2.
At the same time, China dumped $51.3 billion, the second largest amount ever… pic.twitter.com/Zce7KbBjfX
— The Kobeissi Letter (@KobeissiLetter) November 25, 2024
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