The Bond Market Hates Donald Trump

The only sure thing about this election was that neither party was going to #draintheswamp.

Middle America thought Donald would #draintheswamp ….what he did was #drainthebondholders and officially put Goldman Sachs is back in charge of the world.

Emperor Donald is old, an ass, a bully, selfish and he seems insane, but he has a throne to hand off to his kids and that trumps everything.

The easiest way to protect the throne financially was/is to hire Goldman Sachs.

That leaves the rest of us peasants two choices…hate Goldman Sachs or hate Goldman Sachs while owning the stock.

I mentioned I would do that myself on my blog and Stocktwits last week when the stock was at $210. Today it’s up another $7 to $226. It was $140 the night of the election.

(don’t chase it tomorrow please)

It is now an $87 billion company.

In a world of ‘Trumpflation’ Goldman Sachs could be a $200 billion company (that would still be $150 billion less than Facebook today).

I think it’s important to put some perspective on this historic bank run.

The ENTIRE banking sector is now up $300 plus billion since election which is approximately ONE Facebook.

Here is another look at the money moving out of FANG and into banks:

As for the markets, the economy Donald Trump inherits next month includes:

1. Record high stock and home prices

2. Economy growing at record 3.2 percent

3. 4.9 percent unemployment

I doubt the numbers look this good in 4 years, but am spending like a good American.

As for today, I choose to be worried about bonds.

The bond market hates Donald Trump.

The Municipal Bond Market is in crash mode.

In 10 days, when old white America walks to their mailbox to open their paper brokerage statements, they will throw up. They will call their brokers and scream. They might even panic.

I hope I am wrong.