The media continues to act as though Joe Biden is already President. Who do you think the market is predicting as winner of this election?
The media continues to act as though Joe Biden is already President.
He’s not. In fact, technically, he’s not even President elect.
By law, unless President Trump formally concedes, Joe Biden could NOT be President elect until December 14th at the earliest (that’s when states formally cast their electoral college votes).
That’s how things normally work. And this year’s election is anything but normal.
There has now been considerable evidence presented by witnesses and experts to voting fraud occurring in Pennsylvania, Georgia and Arizona.
The media thinks that because they don’t broadcast the hearings in which the evidence is being presented, that somehow magically the hearings and the evidence don’t exist.
Saying “there’s no evidence” of voting fraud at this point is like saying there’s no evidence that the sky is blue because you refuse to look up. The sky is blue. You’re simply refusing to look up so you can claim otherwise.
Media lies aside, multiple lawsuits have been filed concerning voting fraud. Once lawsuits are filed, the election is now in the court system.
This means that what I think, what you think, what the media thinks, what Joe Biden thinks, what anyone thinks but the judge ruling the case is irrelevant. The only items that matter are the evidence and what the judge rules on the case.
On top of this, what any particular judge rules is irrelevant to some degree because the Trump campaign can appeal a ruling, or take the case to a higher court, and ultimately to the Supreme Court.
This is why those pundits and media types who applauding the fact that an-Obama appointed judge or a particular state’s supreme court ruled against the Trump campaign in Pennsylvania are myopic at best and simply ignorant at worst.
Applauding a particular court ruling as a big deal at this point is like applauding a field goal in the first three minutes of the Super Bowl: there is a LOT of time between now and when the game ends and a LOT of things can happen.
Ultimately, President Trump can take his case to the Supreme Court. If his campaign and prove significant voter fraud (they have several more weeks to build their case), then the SCOTUS can rule to have the federal vote audited, invalidated (meaning state legislators pick the president) or any number of specific rulings on specific states.
All of this FAVORS Trump.
Everyone knows fraud occurs during elections. It’s not a question of if, but how much. And with the SCOTUS now stacked 6-3, or at least 5-4 conservatives to liberals, the likelihood of President Trump winning this election are MUCH HIGHER than most people realize.
And the markets know it.
President Trump has made it clear he wants fracking and all domestic production of oil pushed aggressively in his second term. By way of contrast, Joe Biden has made it clear he is against fracking and wants to push for clean energy in the U.S.
With that in mind, take a look at how Energy stocks (XLE) have performed compared to Green Energy stocks (TAN) since election night.
Even with yesterday’s bloodbath in Oil prices, energy and oil stocks have absolutely CRUSHED green energy stocks.
Who do you think the market is predicting as winner of this election? The pro-Oil candidate or the pro-climate change candidate?
With that in mind, I stand by my original forecast that President Trump will end up winning this election. And our clients are already doing this with our new special report titled…
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Chief Market Strategist
Phoenix Capital Research