And....Here's The Black Swan We've Been Warning About

September 24, 2019

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And....Here's The Black Swan We've Been Warning About — *Image by* *Ing.Mgr.Jozef Kotulič*

We didn't know where it would come from, but we thought it would come -- a black swan to take the risk out of the financial markets.

Now we may have it -- the renewed Democratic Party effort to impeach President Donald Trump, and reverse the results of the 2016 American presidential election, over alleged wrong-doing pointing out Joe Biden's obvious corruption dealing with Ukraine while Vice President of the United States.

We don't think the selloff will be long-term, and we don't think Trump will be impeached, and certainly not removed from office, so the gogo years of the Trump presidency will continue. However we could see a substantial downdraft if markets believe that will happen.

In economic data today, the S&P/Case-Shiller Home Price Indices (YoY) (Jul) came in at 2.0% vs consensus estimate of 2.2%.

MoM for July the numbers were 0.4% vs 0.3% estimate.

Author

L Todd Wood

L Todd Wood, a graduate of the U.S. Air Force Academy, flew special operations helicopters supporting SEAL Team 6, Delta Force and others. After leaving the military, he pursued his other passion, finance, spending 18 years on Wall Street trading emerging market debt, and later, writing. The first of his many thrillers is "Currency." Todd has been a national security columnist for The Washington Times and contributed to One American News, Fox Business, Newsmax TV, Moscow Times, Novaya Vremya (Ukraine), the New York Post, National Review, the Jerusalem Post, Zero Hedge and others. He is also founder/publisher of CDM. For more information about L. Todd Wood, visit LToddWood.com.