The U.S. presidential election is tomorrow. People worry about what the outcome will do to stocks and crypto, but debt markets still drive global and local economies. Since that domain mostly belongs to central banks, corporate financiers, corporations, private banks, and Wall Street, I’m not sure how much one candidate or the other will matter. Moreover, asset prices have never shown any correlation to any president or political party. Why would that change now?
The Brief for November 2, 2020
The Brief for November 2, 2020
The Brief for November 2, 2020
The U.S. presidential election is tomorrow. People worry about what the outcome will do to stocks and crypto, but debt markets still drive global and local economies. Since that domain mostly belongs to central banks, corporate financiers, corporations, private banks, and Wall Street, I’m not sure how much one candidate or the other will matter. Moreover, asset prices have never shown any correlation to any president or political party. Why would that change now?