FINANCE

The Stock Market’s Dark Prediction for Mass Deportations

Trump’s immigration agenda could be a boon for private prisons

A guard escorts an immigrant detainee from his ‘segregation cell’ back into the general population at the Adelanto Detention Facility, managed by GEO Group. Credit: Getty Images

Since leaving The Platform Which Shall Not Be Named once it was acquired by Elon Musk, Substack’s “Notes” application has been my primary social media platform (I’ve found it to be great for learning about other newsletters. and engaging with the existing and potential subscribers to this newsletter. As with my former platform of choice, Notes allows me to quickly react to breaking news with short-form commentary and insights. If you’d like my rapid responses you can download the app here.

Over the last few days, I’ve spent a fair amount of time conversing with “My Boys,” i.e., three of my former colleagues from my days as a trader on Wall Street. One is still in the investment banking business, another has retired to Hawaii, and a third is a C-level officer in the biotech industry. I only speak with them individually, but I consider them valuable resources. Not long ago, I wrote about my conversation with one of them on Notes, which I’ve decided to expand on here.

But first, about those cheaper bacon and egg prices you were promised…