James Howard Kunstler on Global Chaos

What happened: James Howard Kunstler's articles highlight societal divisions, political chaos, and social unrest, with specific references to the U.S. presidential election, California's mail-in ballots, and the impact of COVID-19 on cities like Los Angeles. Kunstler also discusses the potential for mass formation and group delusions, referencing comments by LH Grey and Stephen Colbert. Additionally, he mentions Operation Epic Fury and Operation Economic Fury, as discussed by Jesús Enrique Rosas.

Market impact: This narrative drives uncertainty and risk-off sentiment, affecting sectors sensitive to political instability and social unrest, such as consumer discretionary, travel, and leisure. It also impacts tech and media stocks due to the focus on societal divisions and misinformation. Companies like Twitter, Facebook, and Google may face increased scrutiny and regulation. Additionally, the narrative could influence ETFs tracking social and political themes, like the SPDR S&P 500 ETF Trust (SPYG) and the iShares U.S. Social Bond ETF (SUSB).

What to watch next: The upcoming U.S. presidential election on November 3, 2020, will be a key catalyst, as Kunstler's articles emphasize the divisive political climate. Additionally, California's mail-in ballot count, which could extend beyond Election Day, will be closely watched for any irregularities or delays. Lastly, monitor the ongoing COVID-19 pandemic and its impact on cities, as Kunstler's articles highlight the transformation of places like Los Angeles.