E Market Briefing For Friday, Jan. 7

'You're fired'  is the tidal wave of calls for President Trump to go; whether by resignation, or by imposition (intervention?) by those closest to him. Odds of a move like the 25th Amendment were probably less likely than simply Nixonian type of a moment, perhaps including the Marine One helicopter. However now that the President recorded a totally different 'tone' video; all that is likely off.

Late Thursday evening, the President (finally) conceded a 'smooth transition' of power will take place for the new President. Imagine what could be avoided if he made that video a few days ago. Perhaps keeping any of his Cabinet on the job for these remaining days had some influence on his facing reality.

I do suspect (especially with Congress leaving town this morning after the late night Electoral role call), that you won't see the 25th Amendment invoked, nor any rushed 'new' Impeachment. The people aren't there to do it; and now the President seems (we'll see) to deflect the prospects by 'seeming' coherent.

Either way, the Nation navigates the next 12 days carefully; with few willing to take any order from Trump, unless perhaps it's validated by Pence as well. As we explored so much last night the overall Daily will try to be shorter; because a) markets now shuffle around a reality that change is nearby, not merely on the horizon; b) the Nation indeed survived (so far) insurrection; c) Congress behind the scenes realizes this was (knowingly or not) an effort to cripple one of the three co-equal branches of Government (hence an Executive attack by against the Legislative branch, even if nobody exactly calls it that, or if Trump doesn't realize what he actually did); as well as d) it's sort of like a CEO who under-performs; even if they did fine a couple years back, but falter and flail, a Board of Directors can simply say: 'you're fired'.

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