If the property industry looks the same in a month, Dave Portnoy, the founder of Barstool Sports, warned on Monday that there might be a “blue wave” in the midterm elections.
” If the property market stinks, there’s going to be a blue wave,” Portnoy said in a live stream from a Monday session. ” We will have like 100 % Democrats if the stock market is like what it is right now, and it’s getting close to the midterm elections.”
Because that’s how people ballot, he continued, and I would as well.
Portnoy clarified that he is not a member of the “panicking group.” He did point out that if President Donald Trump’s tax plan does not have any gains, there might be significant consequences for Republicans in 2026.
If this price is just a complete disaster and we’re only a time and a half away from this, and the share market hasn’t recovered from this, and the trade war is a disaster and inflation, then everything will be in the sh*tter because of it, according to Portnoy.
Trump is “very intelligent” and has a “window of day,” according to Portnoy, and has “very few days” to demonstrate the viability of his plan.
He responded,” I believe he now can.” He already has the ability to” spin” this to be like,” This country called me,” I believe. This nation accomplished this. We came up with a better deal it.
” I don’t know what’s happening with China, like I don’t know if we’ll ever get anywhere with it, but all these other nations, I think we may, and I think the stock market will bounce,” Portnoy continued.” I don’t know what’s going on with China,” he added.
The property market rose on Tuesday morning, helping to boost Portnoy’s prediction after many days of rough losses. It later came to light with some truth.
Property MARKET RALLIES AFTER TRUMP OPENS TARIFF NEGOTIATIONS WITH JAPAN AND SOUTH KOREA
As Trump began negotiations with various countries, including Japan and South Korea, the S&, P 500 was up by 3.2 % and the Dow Jones rose by about 3 %.
Treasury Secretary Scott Bessent said,” I believe we can come out with some great offers.” And I really believe that President Trump has the most negotiating utilize right now, as I stated over the weekend, and that it would be foolish for anyone to do so.
