Around financial markets, the conventional wisdom is to “let the trend be your friend.” What happens in the market on one day will also likely occur on the following. Investors, the theory goes, should ride the “trend” until it “bends,” then bail out.
The phrase sums up the southwest border crisis. The invasion continues seamlessly one day after another, and during 2023 ramped up to a record number of migrant crossings with a December seven-day average of more than 9,600, a Homeland Security official told CNN. The record-smashing figure represents the average across the nation’s entire southern border.
In November, total encounters stood at 6,800, meaning that the southern border has seen a month-over-month influx of 3,000 more daily arrivals as migrants continue to pour through the border.
During its 2023 fiscal year (which ran from Oct. 1, 2022 to Sept. 30, 2023) U.S. Customs and Border Protection recorded more than 2.4 million encounters at the southwest border and more than 3.2 million encounters nationwide. During the current fiscal year, 169 individuals on the terrorist watchlist were apprehended attempting to enter the country illegally, and at least 1.7 million known gotaways have evaded apprehension since the 2021........