Fed Fears Trump & Supreme Court Timing: Can it Derail Trump’s 2024 Run?

During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and guests Porter Collins and Vincent Daniel discussed Fed Fears Trump & Supreme Court Timing: Can it Derail Trump’s 2024 Run?. Here’s an excerpt from the episode:

Porter: I’ll piggyback on what Vinny said earlier is that, it’s going to be a very odd year because of the election. I have to think that the Federal Reserve doesn’t want any part of Trump. How many times has Biden criticized the Fed?

Tobias: Not that I’ve heard. Yeah, not that I’ve– [crosstalk]

Porter: No. And Trump was in there every day saying, “You really guys doing–” [crosstalk]

Tobias: Low rates. [crosstalk]

Jake: Yeah, I’m a low rates guy [laughs]

Porter: Yeah. They don’t want any part of Trump. Yeah. “Porter, that’s going to get political.” Yeah, of course, it’s going to get political. So the Federal Reserve wants no part of Trump.

Jake: What does that mean? They juice as much as they can, like, adrenaline shot to get the patient through the election cycle?

Porter: People have to be more cynical rather than less cynical, by the way. People aren’t cynical enough about this shit.

[laughter]

Vincent: Let’s take another path, because I was actually at a dinner about two months ago, and it was with a bunch of, let’s call them old Reagan Republicans. And the dinner was in New York and they were talking about how big republican money is stacking. The first flavor of the week was DeSantis, but now it’s Nikki Haley. They’re doing everything in their power to overthrow Trump before the primaries. Let me give a what if, because this is where my stupid brain goes. What if Nikki Haley, what if the oligarchs win and they get Nikki Haley in, even though Trump is winning the primaries? What happens to 35% of the population, the cult that follows Trump? What happens to this company or this country from a society perspective, if they feel like their guy is getting not a fair shake?

Again, I’m not putting a high probability outcome on that, but it is a path. What if Trump is the nominee, which it looks like the polls are suggesting it is? Anyone listening, I’m from Queens, just like Trump’s from Queens, but I do not like him. But I’m just looking at the polling and saying, “He’s going to be the Republican nominee.” And the polling also strongly suggests that he has a good chance to beat Biden. What happens to markets as that manifests? I’m not saying it’s bullish, bearish. It’s just follow. [crosstalk]

Porter: Well, Vinny, if Nikki Haley does beat Trump, the market’s going to fucking rip.

Vincent: I agree.

Porter: Rip.

Vincent: Because she has a very good shot of beating Biden. So this is where I think– [crosstalk]

Porter: She’s going to crush Biden. Biden doesn’t have a shot. The only votes Biden get are anti Trump votes.

Vincent: Correct. That’s my view. So I just think the election is going to be a volatile creature that we’re going to have to deal with. Probably, it works well for your Virtu, by the way. [crosstalk]

Porter: And the Supreme Court’s going to get political too, by the way. Because there’s all these Trump court cases coming. Do you think they’re going to wait? Because Trump’s whole strategy is push him out to the election or past the election, “I’ll win the election and I’ll wipe everything clean. I’m good.” So the Supreme Court, if they say, “Oh, no, we’re going to hear these cases before the election,” it changes the election. So I think that people need to be more cynical about all this crap that’s going to come down the pipe this year.

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