Is Roxane about to put off the Republican red light in Georgia?
Stunning New Poll In Georgia
It ain’t over ‘til it’s over but the latest polling data from the Atlanta Journal-Constitution is nothing less than stunning. A Republican presidential candidate has only lost twice in the past 40 years: to Bill Clinton by less than one percent as Ross Perot took 13 percent of the vote in 1992, and to the hometown boy, Jimmy Carter in 1980. Hard to believe but even Georgia is now in play.
Pelosi Net Favorability Higher Than Trump And McConnell
What really caught our attention in the poll is that, though the data illustrate national politicians are still unpopular in Georgia, the San Francisco liberal, Nancy Pelosi’s net favorability numbers are higher than both Trump and Mitch McConnell: Pelosi -6, Trump -13.7, and McConnell -17.1.
Polling Internals
The poll’s internals also confirm what we have been tracking before 2018 mid-terms: 1) Women make up the majority of registered voters and are more likely to vote than men, 2) Trump’s approval rating remains consistently 20-30 points underwater with women (see above chart), even in Georgia and these data are pretty much set in stone no matter where the Dow or the unemployment rate will be in November 2020, and 3) Ditto for younger voters, under the age of 45 years old, where Trump consistently polls almost 30 points underwater.
Yes, even in Georgia. If they show up at the polls in 2020, which is highly likely as they did in the 2018 mid-term, POTUS will be renamed Donald Thumped.
Finally, Trump is polling behind almost all the leading Democratic candidates but only Biden’s lead is outside the margin of error. With one year to go in the horse race, these data are pretty much meaningless but are, for sure, an eye-opener and big flashing orange light for the Republicans,
Trump’s National Daily Tracking Poll
While we are at it, let’s take a look at the latest daily presidential tracking poll from IPOS.
It is clear impeachment is taking its toll on the President’s approval ratings and his disapproval is pushing up toward that magical 60 percent level where some say Republicans will begin to panic. We look beyond the headline number and like to dig deeper into the data to analyze the strongly approve and strongly disapprove, which are less likely to move than say, “somewhat”, “lean”, “slightly,” which are squishy and not really bankable. President Trump is more underwater, 21 points in the “strongly” category than the 19 points he is in the totals. Not positive.
Taking Candy From A Baby
If you think people make all the wrong emotional moves in trading, do your homework and make some political bets. Put your political bias aside and study the data, it’s like taking candy from a baby.
Recall our post the day the Mueller Report was released,
We’re not making a political statement or being partisan but just trying to give our readers a heads up on the results of our brief analysis and how we see it playing out. The odds of impeachment have gone from around 6:1 to 4:1 in the past two weeks.
We expect the market price at PredictIt to move up another 30-50 percent in the next few weeks, or 3:1 odds for impeachment. Don’t think your gonna make that in Amazon in two weeks, though the shares might get an impeachment bump. — GMM, April 18
We have been in and out of this trade as it did look like Trump was going to walk after Robert Mueller testified. The impeachment contract, if bought on April 18th, the day of our post, would have returned 225 percent to date, compared to Amazon’s -5.8 return. The markets now believe there is about an 80 percent probability POTUS will be impeached in his first term.
As a dog returns to its vomit, so fools repeat their folly. – King Solomon, Book of Proverbs
The very next day, we repeat, the very next day after Mueller testified to Congress and POTUS thought he was off the hook – by the way, the Mueller Report documented the Trump campaign met with the Russians over 100 times and the campaign “expected to benefit” from those meetings and contacts, which sounds like collusion but not conspiracy — he rings up the newly elected President of Ukraine on that “perfect phone call” asking for ”a favor” in his 2020 campaign, which then unravels into another political mess.
Our bet, with this POTUS, there are many more skeletons in the closet to come out in the next year. Not a partisan statement, just what our algorithm predicts based on past data it is fed.
Remember, Mr. Market thinks Trump will be re-elected.
“Right now, the market is assuming Donald Trump is reelected.” – Leon Cooperman
Everything is awesome. Stay tuned.
Global Macro Monitor 