Trump fires Comey, markets meet politics, Nvidia rules, is the market about to crash and more

CodyWillard

Visit http://TradingWithCody.com to subscribe and get one free month for a limited time! Let’s talk markets. I guess right now you can’t talk markets without talking politics. Comey. Fired. The FBI Director fired by the President of the United States who is under investigation by the FBI for Russian influence in the elections. I guess that is the best way to put it. Comey's now former Bureau is in charge of that investigation. That is a big deal today and everyone is talking about it. The futures were down pretty good this morning after that news hit last night. Of course, things stabilized and the $DJIA is down fractionally and the $SPX and $COMP are up fractionally as I speak. Oil is up a couple of bucks. Guys, we go through these geopolitical worries a lot. They very rarely turn into catalysts. Meaning, almost every day, especially with Trump because of his tweeting activity being so prolific, he is in the news every day. And, then something like this, it’s real news. Is it a catalyst? It’s a worry. I was sick to my stomach a little bit this morning when I started reading about all of this. I didn’t watch it last night because I was taking care of Lyncoln. Amaris is up in Albuquerque at the hospital by the way and I am going to get out here this afternoon to go see her. I click on all these stories about Comey and read NY Times, Wall Street Journal, NY Daily News, NY Post. The NY Times is the Democrat/Liberals’ version of serious news. Wall Street Journal is the Republican/Conservative’s version of serious news. The Post is Republican/Conservative for “tabloid-ish” take on the news and the NY Daily news is that for Democrat/Liberals. This is one of those things I talk about all the time. That even those fine institutions I read every day, those historic storied institutions I read every day like this, they are all partisan. When you read their takes on news like today, the partisanship always rings clearly through if you go back-to-back in reading those newspapers. Going back to it, it made me worried reading all of those newspapers today. Their partisan takes, you know the Republican rags try to make it sound like it is no big deal or real positive and the Democrat rags make it sound like it is betrayal. The last time it happened, of course, was when Clinton fired his FBI Bureau Chief in 2003 and it sounded essentially almost like the same reported reasons that there was no confidence in the Director and the Director lost the ability to manage the FBI efficiently or well. So, I was worried about it. Yeah. I don’t like the optics of Trump the President being under investigation and firing the head of the Bureau that is supposed to be investigating him. A lot of what is happening with Trump and the volatility of it all worries me. Does that turn it into a catalyst though? That’s the rub. Does it become the catalyst that makes the markets crash or go lower even or get a 5% or 10% pullback to price in some of my internal worry and many other millions of Americans internal worries.