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Ripple Effect

G’Head Vote For The Socialist… Then Watch Your Wallet

Loading ...Addison Wiggin

June 25, 2025 • 1 minute, 8 second read


socialism

G’Head Vote For The Socialist… Then Watch Your Wallet

The people of New York City went to the polls yesterday, picking the upstart do-gooder Zohran Mamdani, a 33-year-old immigrant, to be the city’s next mayor.

Mamandi ran as a full-throated socialist with retread policies like freezing rents and government-run grocery stores… because, well, those kinds of policies worked so well in the Soviet Union, to name one historic place to mandate them. 

Guess what happened after voters checked the box for Mamdani? They fired up Google to search the term “socialism”:

As Nancy Pelosi once quipped about Obamacare, “We have to pass the bill to see what’s in it.” (Yes, she really did say that.)

This is a fair warning to the people of New York City: when you vote on “the vibe” rather than common sense, bad results are likely. 

Mamdani still faces the general election. Historically, Democrats have a significant advantage in the Five Boros. But on occasion, Republicans win – think Rudy Giuliani and Mike Bloomberg. 

Still, even in the mayoral race, Mamdani was running against the “fascist” Donald Trump.

“Fascism” – another buzzword hyped up nationwide by AOC and Bernie Sanders – is sure to send people to Google search, too. 

Our forecast: People and smart money will continue to leave New York. Those on the receiving end, such as Texas, home to the New York Stock Exchange’s latest location, will benefit.

~ Addison


The Hindenburg Five

February 24, 2026 • Addison Wiggin

The stock market “rebalancing” is a polite way to put it. Energy and health care are getting a healthy boost. But tech hardware and software makers are still getting dressed down and have been asked to report to the principal’s office.

The great rotation underway has triggered a series of “Hindenburg Omens.” Five have occurred in recent weeks.

The Hindenburg Five
Piercing The Veil

February 23, 2026 • Addison Wiggin

The S&P 500 has traded in a 3.7% range over the past two months — less than half the 20-year median of 8.6%. One of the tightest ranges in modern history.

In trader parlance, the indexes are “flat,” a setup that often materializes before a sell-off at the top after a multi-year bull market.

Goldman Sachs told its own traders to be aware that institutional trading activity resembles a VIX reading near 35. Rather than a reading of 20, where the VIX has been trading over that same 2-month period.

The U.S. software ETF, IGV, tested its April 2025 lows last week and trades roughly 35% below its peak. The “SaaS-pocalypse” in software companies reflects the fear of Citrini’s 2028 scenario happening in real time.   That divergence now exceeds the spread seen at the peak of the Great Financial Crisis.

Under the surface, the “great rotation” we wrote about last week is threatening to widen.

Piercing The Veil
Oh. Canada

February 23, 2026 • Addison Wiggin

Despite its overly-educated 40-million-plus population, on a GDP per capita basis Canada is null. Collectively, the Great White North would rank as America’s second-lowest state, coming in above Mississippi, but below Alabama.

Oh. Canada
Matt Milner: SpaceX + xAI: What It Means for You

February 20, 2026 • Addison Wiggin

SpaceX is the most valuable private startup in history — and if its success continues, it might become the most valuable public company in history.

After all, as Musk famously said in 2023, “I have never lost money for those who invest in me and I am not starting now.”

For investors, SpaceX has been a wild, joyful ride — and now the journey continues!

Matt Milner: SpaceX + xAI: What It Means for You