Trump Reportedly To Be Arrested Next Week

How will markets respond?

AI-generated images.

"Because You'd Be In Jail"

During one of Donald Trump's debates with Hillary Clinton, he quipped that if he were in charge, she'd be in jail. 

Now it looks like the one who is about to get arrested may be Donald Trump. Fox News and other sources are reporting that Manhattan District Attorney Alvin Bragg is preparing to have Trump arrested next week on charges related to his former lawyer Michael Cohen's payment to adult entertainer Stormy Daniels. 

Mike Sington @MikeSington

“This is a huge development.” Final preparations being made to arrest Donald Trump next week. Trump will “be fingerprinted and processed like every other defendant”. The Secret Service will make the decision whether to handcuff the former president or not. (Video: Fox News)

RIP Rule of Law

As Daryl Cooper (@martyrmade) suggests below, this would be banana republic-level perversion of the rule of law. 

I am well past tired of Trump and frankly find much if his recent behavior embarrassing, but a thousand January 6ths is absolutely the appropriate response if he is indicted. I’m not advising anyone to break the law, but the Founders would.

— Martyr Made 🦉🪓 (@martyrmade) March 17, 2023

Ignore this kind of fed posting nonsense. There is nothing to accomplish by taking matters into your own hands, so don’t put yourselves or your families at risk for no reason. https://t.co/PlU83NQ1Jf

— Martyr Made 🦉🪓 (@martyrmade) March 17, 2023

One wonders how the markets would react to Trump being arrested on top of the banking crisis (which the First Republic deposit infusion failed to quell) and everything else. 

Saturday Morning Updates

Trump on his possibly impending indictment: 

Trump War Room @TrumpWarRoom

President Trump: "They're not coming after me. They're coming after you. I'm just standing in their way, and I always will stand in their way!"

Relevant context with respect to the Trump prosecution: Trump has been pulling away from DeSantis in the polls. 

Nate Cohn @Nate_Cohn

DeSantis, on Defense, Shows Signs of Slipping in Polls nytimes.com/2023/03/17/ups…

Also, Elon Musk has noticed the hands-off treatment of the Biden family in contrast.

Elon Musk @elonmusk

@KanekoaTheGreat Unless I’m missing something, this appears to support the argument that there is political bias in the justice system. That is not to presume a guilty verdict or prison, but not bringing this to court at all is hard to explain. @CommunityNotes

Trump responds to the news reports, says he's getting arrested on Tuesday. 

Bo Snerdley @BoSnerdley

Donald Trump says he will be arrested Tuesday nypost.com/2023/03/18/don… via @nypost

nypost.comDonald Trump says he will be arrested TuesdayTrump again insisted he had committed no crimes.

Senator J.D. Vance Responds.

J.D. Vance @JDVance1

I've been asked by multiple reporters if an indictment would lead me to rescind my endorsement of Donald Trump. The answer is: hell no. A politically motivated prosecution makes the argument for Trump stronger. We simply don't have a real country if justice depends on politics.

If something like this happened, it would not be good for our banking crisis.

Grill Time @barbquehour

“BREAKING: 80MM AMERICANS VOW TO WITHDRAW ALL CASH DEPOSITS ON 3/21/23 TO PROTEST THE ARREST OF DONALD JOHN TRUMP, WILL LIQUIDATE ALL IRAs and 401ks”

Disclose.tv @disclosetv

JUST IN - Trump posts he "will be arrested on Tuesday" and calls for "protests, to take our nation back."

But I suppose our bearish bets on a few regional banks would do well.

Portfolio Armor @PortfolioArmor

Taking advantage of today’s rally to bet against a few banks that have some similar vulnerabilities as $SI, $SIVB, & $SBNY.

portfolioarmor.substack.comTrade AlertBetting against banks