Trump endorses a candidate. The candidate loses. Repeat until the chart looks like a ski slope.
Start with Hungary. ,Viktor Orbán, once one of the Western world's most entrenched populist leaders, was ousted in April after 16 years in power., ,JD Vance campaigned for him in the final days of the race,. That is not an endorsement. That is a hex with a motorcade.
Brazil next. ,Lula won reelection, defeating Trump-aligned Flávio Bolsonaro, whose father Jair had also been a Trump ally., ,The margin was 52 percent to 48., Flávio then ,told supporters it was "impossible to recognize the election results.", Daddy is ,serving 27 years for plotting a coup,. The family business is struggling.
Serbia too. ,Its leader called Trump a "kindred spirit", and courted Donald Trump Jr. The voters read the same brochure and went the other way.
Then Netanyahu. Trump endorsed him. ,The Associated Press said Likud appeared to lose its majority., Results aren't final. Neither is my opinion of the endorsement, but the trend line has stopped asking permission.
Fair is fair. ,Experts caution that elections are driven mainly by domestic issues., Also, ,Germany's AfD won a record 44% in a state election last month,. So the brand isn't dead. It's just being kept at arm's length, like a cousin who owes everyone money.
A technical analyst would call this a pattern. Lower highs. Broken support. A losing streak in four countries wearing a red cap.
Retail traders will still buy the dip. They always do. They bought a stock because a man on television said "rocket" and he was holding a rocket.
Trump's endorsement is a coin flip that keeps landing on the floor.
Photo by History in HD on Unsplash
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