Cyclical stocks that tend to rise and fall with the economy are rallying, the latest sign that investors are becoming more optimistic about the possibility of a “soft landing,” i.e. no recession.
John Hazlehurst
By the time this column appears in print, weâll be five days from Joe Bidenâs inauguration â unless swarms of right-wing anarchists have seized the U.S. Capitol, imprisoned every Democrat in sight and declared Donald Trump the Supreme Ruler of all lands, rivers, lakes and oceans from Panama to the North Pole.
Thatâd certainly be an interesting development, but I expect that weâll lurch clumsily ahead toward the future. Whether impeached, censured or somewhat silenced, Don will always be around. Heâll retain millions of devoted followers, whose meager wallets he can tap in various ways. His best and easiest bet might be via a subscription emailed newsletter (imagine Substack on steroids) priced at five or ten bucks a month. He could get 5 million subscribers without breaking a sweat â do the arithmetic! If Dems actually manage to impeach and convict him, theyâll cut off his $200K annual pension and other ex-president bennies an