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Peak Prosperity

Market Chaos Following the Election

Peak Prosperity

Chris Martenson

Government, Investing, Business

4.7591 Ratings

🗓️ 8 November 2024

⏱️ 68 minutes

🧾️ Download transcript

Summary

Chris and Paul discuss the aftermath of the 2024 U.S. presidential election, market reactions, economic implications, and the importance of truth and accountability in governance.

Transcript

Click on a timestamp to play from that location

0:00.0

Nothing in this program should be considered investment advice.

0:03.2

It is for educational purposes only.

0:05.3

Please hit pause and read this disclaimer in full.

0:09.9

Even if they slow it down because they feel like they can negotiate with Trump and we have more of a peaceful opportunity around the world,

0:17.8

I still think from a long-term standpoint, you know, that we may have some good

0:22.6

buying opportunities in the near future.

0:26.5

The following is the audio version of a video released at peakprosperity.com.

0:32.3

Visit peakprosperity.com to watch the video and to find other insightful content, such as articles, discussion forums, and exclusive subscriber-only content.

0:49.7

Hello, everyone, and welcome to this very special edition of Finance You.

0:53.2

We are here in the morning of and the aftermath of the U.S. presidential election that just happened on November 5th, 2024. And you hear my voice breaking. It's been a long night. I didn't get a lot of sleep. Paul, Kyker of Kikew wealth management. How you doing today?

1:07.6

I'm doing good, Chris. I'm doing good. I'm so glad that the results happen the way

1:12.9

they are, and we've got a clear winner, so hopefully we can move on to healing and getting some

1:16.6

things done as a country now. Well, it's interesting because when we talk about moving on and that

1:23.5

healing, the markets wasted no time in saying what they thought about this. We see here,

1:29.9

the S&P is up 138 points on the day. That's just massive. And so you might think that's in the

1:36.6

aftermath, Paul, for anybody watching this. Oh, once the results came in, I don't believe Trump was

1:41.8

officially declared. We declared him a winner when we saw the

1:44.8

results early on. But, you know, by the time NBC, ABC, ABC kind of NAP got around to it this

1:50.0

morning, that's not when the markets took off. They started taking off here at 10 o'clock yesterday morning.

1:57.2

So this is after just a few hours of polling, somehow the market sniffed it out,

2:03.3

carried on. This is the open market time. This is after markets just carried on with a big

2:07.2

bonanza. So people might have woken up and thought the markets partied hard last night. They did,

...

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