The GOP is done with democracy. It no longer serves their purposes.
They want total permanent power and access to all US financial assets.

leaders, per se. We should watch U.S. Treasuries and maybe the currency for signs the world no longer takes them seriously as safe harbors. But I do think we could see a breaking point in other areas of this administration--I'm thinking of the Pentagon or our Intel agencies, where core values are being assaulted and assailed. Just thinking generally about human nature and what causes people to snap, it's seeing actions undertaken that are so deeply appalling and offensive to a core set of principles that a person or people literally cannot stand it, provoking actions that could begin to topple Trump's stranglehold on our most important agencies and institutions. I really do think that is possible--that the avalanche that brings Trump down actually begins in a place like the Pentagon, CIA or FBI.

This is not normal. Normal indicators and historical precedents do not apply. Historical precedents from 1930 do apply.

The stock market has "corrected", dipped its toe in bear territory and pulled back up to top end of a kind of trading range. S&P 500 finished Friday just above, just out of "correction" territory. Market sentiment has swung back some to optimism.

Don't be fooled. The sentiment levels some say were "extreme" on the bearish side a week or two ago are not as extreme as they could be. The decline will not be finished until there is a real buyers strike, until the market drops back into bear territory decisively. It pays to watch sentiment and be a bit contrarian especially if the contrarian view coincides with contractionary concerns or later when despair rules the market.

There will be no V-shaped bottom, not like 2008 or 2020. This is not an easily remedial crisis that can be solved with a big injection of cash. This is structural because tRump has dumped the bucket of good will other countries held for the US as a trading partner. It will come back in droplets, slowly, much later.