The midterm election was what people expected – Democrats took the House and Republicans retained the Senate. The stock market rallied on the news, and precious metals took a tumble. Stocks could stay strong through the end of the year, Matt says. But fundamentally, stocks are a bubble waiting to pop, he says.
Looking ahead to 2020, Matt says Trump has slim chances in winning a second term. Matt sees a major financial crisis coming before the election. Bad economic conditions will help Democrats win in 2020.