Trump Losing Fox News – Summer of Discontent Cometh

Trump loses the top legal analyst at Fox News.  This is a major development.

Judge Napolitano told friends in 2017 that President Donald Trump had told him he was considering him for a United States Supreme Court appointment should there be a second vacancy.

Fox News legal analyst Judge Andrew Napolitano is not going easy on President Trump.

In a scathing op-ed and accompanying video published Thursday, Napolitano said that special counsel Robert Mueller’s report on Russian attempts to influence the 2016 presidential election and Trump’s efforts to cover it up showed a clear pattern of criminal behavior.  – Yahoo News

Click here for the full interview.

Our Maundy Thursday Post

We knew within 15 minutes after the release of the Mueller Report last Thursday, after reading the first 20 pages, the House Democrats would have no choice but to move on impeachment.  See our Maundy Thursday post here.   We received major pushback.

The markets are totally clueless to the potential of a huge spike in major political risk in the U.S. during the coming summer.

Clinton and Nixon Impeachment

Clinton’s impeachment coincided with the second biggest bull market in the 20th century and a super hot economy.   Nixon’s impeachment was battered by the headwinds of spiking oil prices due to OPEC I, which was in retaliation by Arab nations for the U.S. rearming the Israelis during the Yom Kippur War.

Many suspect the Arab nations sensed Nixon was too politically weak to help Israel, which was a major miscalculation, and almost led to a confrontation to the U.S. and the Soviet Union.

Crude oil is up 43 percent year-to-date, the stock market is hovering around new highs but topping in our opinion, and the economy is slowing but who knows what will happen.

We cannot rule out another major geopolitical event as the White House will be obsessed with their coming battle with Congress.

Hollywood Can’t Make This Stuff Up

The activity of President Trump & Co. as reported by the Mueller Report is in a different zip code in terms of seriousness compared to both Clinton – lying about a blow job — and Nixon — obstructing the investigation of a break-in into the Democratic National HQ at the Watergate hotel.

The Mueller Report documents the Trump Campaign soliciting, meeting, accepting and benefiting from help from the Russian government, who hacked the 2016 presidential election.  Then trying to obstruct the investigation of those events.

Check out how dark (in a spiritual sense) this campaign poster is, which the Russian IRA put together for a campaign rally which they sponsored during 2016 in Pennsylvania.  The poster is directly out of the Mueller Report.

Don’t know about you but it really gives us the heebie-jeebies.

The latest Morning Consult/Politica poll states that only 28 percent of voters have actually read the Muller Report.  Anyone who just skims it is in for the shock of their lives.  It reads like a Tom Clancy spy thriller but, unfortunately, it is scary true.   Hollywood can’t make this stuff up

Once the report disseminates through the electorate, we suspect the dam could break.  It is now the number one best seller on Amazon.

Coming Summer of Discontent

We are expecting a Summer of Discontent. That is increased political instability, which will eventually weigh on the markets.  We think we are the only out there with this call and it is not even close to the market’s radar.

Stay tuned.