They were a little overvalued before the election, then had a sizeable runup after the election. Part of that runup was the expectation of substantially more Fed rate cuts. So, it’s pulling back again now, partly because of overvaluation.

However, the proximate news is the Federal Reserve interest rate decision. A series of rate cuts were already baked in. But there was a slight up tick in the inflation numbers and now uncertainty in the Fed’s rate cutting.

https://x.com/BackwoodsEnginr/status/1869371779577487524

https://commoncts.blogspot.com/2024/12/am-i-stephen-smith-becoming-republican.html

“Why They Hate Kash Patel”—
https://chroniclesmagazine.org/web/why-they-hate-kash-patel/
Opening grafs:

In early 2018, members of the House Intelligence Committee investigating the FBI’s malfeasance in the Russia Collusion hoax met with then Deputy Attorney General Rod Rosenstein. Kash Patel, then serving as senior aide to that committee, attended the meeting on behalf of the committee’s chair at the time, California Republican Devin Nunes.

Rosenstein had good reason to be worried about that investigation. In early 2017, he signed one of the FISA warrant applications the Justice Department used to spy on Trump campaign figure Carter Page. That warrant gave the FBI access to a wide swath of electronic communication between Page and the rest of the Trump campaign.

Unfortunately for Rosenstein, it was based on false information provided by a subcontractor for the Clinton campaign….

Molly Hemingway on…
“Three Russia Hoax Bombshells Hidden In IG Report On DOJ Surveillance Of Congress”—
https://thefederalist.com/2024/12/17/three-russia-hoax-bombshells-hidden-in-ig-report-on-doj-surveillance-of-congress/

+ Bonus:
“…What will the resistance do?”—
https://www.washingtonexaminer.com/daily-memo/3262985/trump-under-attack-less-rising-popularity/
H/T Powerline blog (for all)

Similarly, Trump is being accused—by the criminal gang of thieves, thugs and vandals that is the Democratic Party—of being a criminal!

And then there’s this warning from Lara Logan of the historic threat posed by “Biden” (no, the Democrats are not pausing for a moment):
‘“This Is A Bloodsport For Them” – Lara Logan Exposes “The Age Of Information Warfare”’—
https://www.zerohedge.com/geopolitical/bloodsport-them-lara-logan-exposes-age-information-warfare

+Bonus (Jonathan Turley)…
“The Danger Of White Knight Pardons: Biden Could Fundamentally Change Presidential Power”—
https://www.zerohedge.com/political/danger-white-knight-pardons-biden-could-fundamentally-change-presidential-power
Key grafs:

…Ironically, preemptive pardons would do precisely what Biden suggests that he is deterring: create a dangerous immunity for presidents and their allies in committing criminal abuses…
… Yet, despite that history, no president has seen fit to go as far as where Biden appears to be heading…

…We have a constitutional system that allows for overlapping protections of individuals from abusive prosecutions and convictions. It does not always work as fast as we would want, but it has sustained the oldest and most stable constitutional system in history.

These [people] would prefer to fundamentally change the use of the pardon power to maintain an apocalyptic narrative that was clearly rejected by the public in this election. If you cannot prove the existence of the widely touted Trump enemies list, a Biden pardon list is the next best thing. [Emphasis mine; Barry M.]