The End of Obamacare Has Healthcare Stocks Reeling

The main tell for me whether or not Obamacare was going to help people was when Healthcare stocks soared after it was approved. How could we save money and large healthcare corporations make more money at the same time?

Impossible. Obamacare was literally written by the healthcare companies and passed by a corrupt congress.

Post Trump victory, healthcare stocks are crashing lower on the specter that the gravy train will soon be ending.

HCA is at the vanguard of the decline.

Who knows what the hell will replace Obamacare. All I know is that healthcare investors aren’t sticking around to find out.

Wall Street has erased a 900 point deficit and just traded green. Who knows where it will end up? But this is the type of volatility that literally kills people. Markets rose 500 points in the previous two sessions, in the hopes of a Hillary win. Upon Trump winning, futures cascaded lower, as well as commodity and European markets.

All of that is being revoked. Europe is higher. WTI has erased most of their losses. And bank stocks are ripping higher. The thought process behind that is higher rates under Trump means wider yield curve. As such, the curve has widened to 110bps. All of this action is indicative of an economy on the cusp of boom.

Perhaps all of the hand wringing over a Trump win was theatre, forcing weaker hands into capitulating so that someone could buy the blood?

If Trump is truly serious about renegotiating trade deals, permitting cash from overseas to be repatriated cheaply, and build a gigantic southern wall, I don’t see how any of that would hurt markets in the long run.

However, short term, uncertainty is toxic for markets and we should be sharply lower today. I’m not touching any of my positions now, as I expect emotions will run high and money to be mistreated by idealogues without brains. Give it until next week to truly get a feel for this new reality and then make some longer term decisions.

No one on planet earth was a bigger dick to Trump during the campaign. Cuban went out of his way to enslave himself to Hillary, doing her bidding by constantly calling out Trump for being a horrible billionaire businessman. Geez, I love oxymorons.

At any rate, Cuban may be a Hillbot, but he isn’t stupid. He tweeted out some mature thoughts and seems to be moving on with his wonderful life.

We all need to give President-Elect Trump a chance. Support the good. Lobby against what we disagree on. No one is bigger than us all

— Mark Cuban (@mcuban) November 9, 2016

This is all very classy stuff. #NOTMYPRESIDENT is trending on Twitter, populated with scores of butthurt care trolls, beguiled and beset by the horrors of Nazi Trump rising to power.

Here’s Rachel Maddow in a nervous breakdown collapse last night.

Morning… #NotMyPresident pic.twitter.com/7Va5ltqjva

— Johann Vera (@JohannVera1) November 9, 2016

Everyone needs to chill and look at the bright side. The globalist scum, who’ve been gutting this country to the bone, have been defeated. The country wants change, something Obama promised but was unable to deliver. The only change Obama provided was the complete destruction of the Middle East, and deteriation of relations with Russia, as well as the rise of ISIS.

Let’s not be too harsh on our liberal friends, for today is a day of mourning for them. Go ahead and take to the internet to express your utter dismay with America and how Hitler is back, only with an orange hue. You’ll be proven wrong, although you’ll never admit it.

Oh, and then there’s this.

LOL LOOK AT MADDOW'S FACE!#ElectionNight #CelebritySalt pic.twitter.com/nHSY6VhSjl

— Ethan Ralph (@TheRalphRetort) November 9, 2016

Hillary’s schemes for healthcare included messing with the big pharma apple cart — which was the prime driver behind the sectors dreadful -35% performance during 2016. However, not that she’s lost and relegated to the Walter Mondale trash heap of losers, the sector is enjoying a furious, barn stormer, rally this morning — higher by nearly 6%.

I’m not sure if the market is reading Trump correctly here. After all, he’s pledged to fix the healthcare system and to be against big business fucking with the people. Frankly, I don’t see how Trump could permit these companies to enjoy largess profits, and reform healthcare at the same time.

Nevertheless, for now, people in biotech land are elated with the Trump win — bidding up shares of controversial stocks like ENDP, MNK, VRX, as well as the leaders GILD, AMGN, BIIB and many others.

This was somewhat cruel. Well done Mika. I know she secretly hated Hillary and wanted her dead. Joe, on the other hand, is an idiot.

#ElectionNight: A timeline https://t.co/6MdoAWjBal

— Morning Joe (@Morning_Joe) November 9, 2016

Summed up perfectly.

It looks like the gravy train for Mexico, the cesspool of N. America, is coming to an end. Forthwith, the government of Mexico will have to learn how to cope with their drug dealers, their fugitives, and their poor, without enjoying the benefits of dumping them into America, through a porous border.

Under a Trump regime, a grande, and very elegant, southern border wall will be erected, which will be paid for by the government of Mexico. They may not realize it now, but they will. By the way, how smart does the Mexican president look now, for inviting Trump, in spite of harsh criticism?

Nevertheless, the peso is crumbling to pieces this morning, like a handful of cojita cheese on a hot empanada, by more than 9%, to new lows.

Futures are off by 300; but it’s not too bad out there.

Futures are up more than 600 from last night’s panicked lows. Bonds are getting demolished now, as the specter of QE wanes — leading to a huge move lower in TLT.

As of right now, the spread between the 2 and 10 yr bond yields is 110bps, which is very bullish for banks.

US Steel is higher by 10% and CAT is up nearly $3, due to the specter of a gigantic southern border wall.

Gold stocks are sharply higher and defense contractors, like RTN and LMT are ripping to the upside due to Trump’s pledge to increase military spending.

Expect coal stocks to roar higher too at the open.

Essentially, the great panic of a Trump win has morphed into a sober realignment of interests and investors are reallocating assets in places that should benefit under Trump. Bear in mind, today’s reaction might be a bit cartoonish, as people exaggerate what a Trump win might mean.

All in all, early going, it looks like the market wants to rally. I will have a lot more to say once I see the markets open and bear witness to the capital flows.

The world hasn’t ended.

Americanism over globalism.

It was a long election and it looks like the media is afraid to call the election, but it’s over. Trump is likely to win both PA and MI — pushing his electoral win to around 307.

Tonight is not the night to call out the people who said Trump was going to drop out of the race —  and the litany of cuckold libtards who said Trump was going to be humiliated and lose in a landslide. It’s important for you to know, especially with the futures limit down and gold through the roof, that “The Fly” wins again. It’s very simple, frankly. You bet against me —  via crooked Hillary —  and lost. Now all of the very worst people in the world, the GOP and DNC ruling class, are urinating in their pants — caretrolling about the specter of a Trump presidency. No one will hold Trump to his promises more than me. This is merely the first step in breaking free from the chains of globalist scum slavery. Fifty percent of you aren’t redpilled and truly believe Hillary Clinton is a good woman. This can be readily explained by genetic mutations in your genome which lead to a distortion in the way your minds function.

This all will come full circle back to economics and capital markets, which is why I’ve been dedicating so much time on this election of a lifetime.

The bells of freedom are ringing throughout the country tonight. The silent majority, the often reviled and ridiculed uneducated ‘white man’, lodged a complaint —  by voting for Trump and against the establishment elite of mercenary GOP/DNC capitalist, neocon, war mongering bastards — and has been recorded and heard.

Victory is only the beginning.

Good night.

NOTE: The polls were rigged. QED.