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Investment Advisor Representative - Sitka Pacific Capital Management
Mike Mish Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacifics Investment Management Page to learn more ...more

Trump No Longer The Odds-On Favorite To Win In November

Date: Sunday, June 7, 2020 4:40 AM EDT

 

Four days ago Biden passed trump as the favorite to win in November and has been there ever since.

Until now, the one thing Trump supporters could and did repeat was their guy was ahead. That's no longer the case.

A quick check on PredictIt shows Biden is ahead of Trump and has been there for a while.

That chart is stale by a day. As I type, it is 54-47. 

Bible-Toting Fiasco

Trump's bible toting fiasco was the impetus for the change.

Something Changed for the Better: Trump's Bubble Just Shattered

On June 3, I commented Something Changed for the Better: Trump's Bubble Just Shattered

Trump made a complete fool out of himself. Four Republican Senators criticized his photo-op stunt as did Mike Mullen , The seventeenth chairman of the Joint Chiefs of Staff.

Millen wrote an Op-Ed: I Cannot Remain Silent.

James N. Miller Resigns

James N. Miller, Defense Science Board Member and former under secretary of defense for policy from 2012 to 2014 resigned.

Miller accused Trump and Secretary of Defense Esper of blatant actions that cross the line.

Retired Marine General Latest to Admonish Trump

On June 4, a Retired Marine General Admonished Trump.

Retired top Marine Gen. John Allen joins Mattis dissent from Trump.

Allen warns of 'Beginning of the End' for Democracy if troops are used against protests.

Facts of the Matter

1. It was a peaceful protest
2. The Attorney General forcibly had path cleared by MPs
3. News media smashed
4. Only 2 R-senators stood up for Trump
5. Numerous ranking ex-military officials admit Trump broke up a peaceful protest

https://youtu.be/1Lowr86dZns  https://twitter.com/SteveRamsey333/status/1268682899915567106 …

Clearly, some people are still in denial.

How do I know that?

Easy.

  1. It is not often four Republican Senators openly blast Trump.
  2. It is not often that only 2 Republican Senators defend Trump.
  3. It is not often retired admirals blast a sitting president
  4. It is not often an ex-Defense Secretary blasts a sitting president
  5. It is not often a chairman of the Joint Chiefs of Staff says "I Cannot Remain Silent."
  6. It is not often someone turns in their resignation to the current Defense Secretary, accusing the Secretary and Trump of "crossing the line".

Trump's supporters look the other way.

They fabricate excuses like the protest was not peaceful, besides "It was not teargas". 

Amazing Lengths

Trump's supporters twist themselves in knots to avoid admitting he did anything wrong.

Regardless of denials something snapped. 

 I chimed in with the same message Trump is a Threat to the Constitution.

“Donald Trump is the first president in my lifetime who does not try to unite the American people—does not even pretend to try. Instead, he tries to divide us,” Mattis writes. “We are witnessing the consequences of three years of this deliberate effort. We are witnessing the consequences of three years without mature leadership. 

Trump's Disapproval Over Time

Trump Approval Disapproval Time Line

Trump's core support is about 36-38%.

These people will vote for Trump no matter what he does. But except for one brief moment at election time Trump cannot break the 45% approval line.

A quick check on the 538 Trump Tracker shows Trump is still at 41.6%.

This election will not be won nationally but at the state level. There, Trump continues to fall further and further begind.

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