Trump Accounts

 Link for Tump Account1/28/2026

In an attempt not necesarily to win but not to lose the mid-terms. we have tax reduction and now Trump Accounts. The US govt will put a one time $1,000 into  this account. Firms are stepping tup to add to the account, motably Michael Dell. It is not clear to me if this becomes say a Fidelityor Schwab account. I assume no withdrawals are possible. It is a buy the vote device. 

This would be a great idea at the dot.com low of 2002 or the sub prime low of March 2009. But at DOW 50,000, not so much.  Should the markets crater and I still think that is more likely this will not be well regarded, at least if people do anything other than T Bills.

 Nothing much going on. Is that a message. The charts for the DOW look like distribution.  THis means those who bought early are now selling to the late comers. They will even buy back to buoy the market keeping the idea of the bull alive a bit longer.  And then finally they have sold eveything and are out leaving the late comers holding very over priced issues. 

OK January looks like December. But seasonally the market rallies from mid December to mid January, we are there now. I have no futher upside targets.

 

February Silver

 I wish I had been long bur a Karl Rove would say this is unsustainable. This is a parabolic rise and they all reverse in similar fashion.