iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Citi Increases Target For $SPY, Warns of Higher Taxes, Regulations if Democrats Seize Power

This is all but declaring Trump the winner in the 2020 elections. Barring a last minute throw down by Hillary Clinton, it appears Trump is going to cut off the dicks of all democratic candidates, including Elizabeth Warren. I must admit to finding happiness in the fact that she’s still in the running, adding a little color to an otherwise all white democratic field. Unbelievably racist.

Citi is upping their targets for the S&P 500.

Citi raised its year-end 2020 S&P 500 target slightly to 3,375 from 3,300 because of the better gains this year versus its 3,050 objective for 2019.

The bank cautioned, however, that higher taxes and tighter regulation are likely next year if the Democrats win the White House.

A Donald Trump re-election would bring its own risks of unpredictable policy on trade, diplomatic relations and global order, the bank wrote.

“The elections backdrop remains a major uncertainty overhang, even though the last year of a presidential cycle tends to generate respectable returns,” Citi wrote.

We already know what Trump is going to do — fuck with China, cause newspaper sales to soar, and increase the importance of Twitter. In a Democratic regime, one could expect Greta Thunberg to be the Secretary of State and water pressure to decrease to a drip.

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8 comments

  1. irma vep

    Gaaad! Please, no encouragement! I’m an HSP (Highly Sensitive Person). Another four years of this Trump buffoon might send me into a schizophrenic break with reality. I understand the banana. That’s how sensitive I am.

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  2. moosh

    Get Greta in here. She would be a great candidate in the Democratic regime. Barely any life experience in the real world but acts like she is 80+ years old, angrily yells things like she knows what’s best for everyone else, probably never worked a day in her life, crazy as fuck, hate seems to seap out of every pore, wants the limelight at any cost

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  3. jacked rabbit

    Oh sweet baby Jesus with a pacifier, here we go again…

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  4. ferd

    Establishment Dems are beginning to coalesce behind pro-war Joe, yet they are going forward with an impeachment process that will expose the Bidens’ slimy Ukraine dealings and who knows what else. Could be they’re planning a convention switch to get rid of Joe ..like for health reasons.

    In any case, I figure that the powers that be are perfectly happy with Trump or Biden ..or with any sufficiently-unprincipled tool. And they are happy to see how distracted we all are by the show.

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  5. sia

    Another 4 years of the orange clown? Kill me now.

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  6. soupbone

    Viewed from offshore it seems the Dems are having difficulty finding a candidate, again. Suprising considering the large population. imo, a smart charismatic well behaved person but one chosen to beat Trump at the expense of a progressive agenda for the time being. Change needs to be slow in any case, folks want to keep their money.

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