Much is likely to continue this week regarding global protests, especially in the Middle East, South America, and Hong Kong. In fact, as Hong Kong enters its 6th month of protests, today we witnessed a rare weekday protest in Hong Kong on Monday, and unfortunately, a protester was shot by the police. This individual is in critical condition, and regardless if the office was justified, this is not a good image, and is likely going to fuel further protests. Protests in Bolivia have caused the President to resign. This follows the resignation of the Lebanese PM and the cabinet shuffle in Chile. These protests are not transitory. This is history in the making.
On the economic front, Chairman of the Federal Reserve, Jerome Powell, is schedule to give his bi-annual testimony before Congress. President Trump is scheduled to give a speech before the Economic Club of New York, where his remarks on US/China trade talks will be highly anticipated. Why? All we get is noise and falsehoods and market manipulation, but we digress. Markets will nevertheless be paying close attention. There will also be a handful of important economic data releases. But hey, since the Fed is printing money again, who cares about the fundamentals? They don’t matter until they do.
On the political front, the impeachment inquiry will enter its public phase this week with Bill Taylor and George Kent testifying on Wednesday and Marie Yavonavitch testifying on Friday. Most people did not take the time to read through thousands of pages of testimony. However, the public will likely watch some of the public testimony. This will come down to public opinion on who they find more credible – a whole host of State Department officials who have served their country with integrity for decades, or the President of the United States? If public opinion starts to sway towards impeachment, this will not bode well for the President as this may open the door to on-the-fence Republicans who may privately want to impeach and remove, but are afraid of being attacked by the President and his base. Increased polling numbers to impeach and remove can give these Republicans the cover they need to vote in accordance.
Lastly, Nikki Haley, the former US Ambassador to the United Nations is out with a new book (as we predicted). In it she alleges that former Secretary of State, Rex Tillerson, and former Chief of Staff, John Kelly, attempted to “recruit” her to oppose Trump on several policies. We imagine she is auditioning for the role of Secretary of State as rumors are circulating that Secretary of State, Mike Pompeo, may resign so that he may run for a Senate seat for Kansas. Stay diversified, stay vigilant, and stay with The Kapital News. #Protests #Recession #Economy #Politics #Impeachment #EndTheFed #Truth #Justice #Peace