Wry & Dry #17-25 Election musings. Panic envelope. Black woman.
A message to the handwringers: the Trumpster is president. Deal with it.
Sleepy Joe should immediately resign, giving the presidency to Kamala Kamala. This would ensure his place in history for giving her a place in history as the first black female president. Without her having enough time to do anything before 20 January. And also ensure that her incessant bleating about losing will cease.
US election – What to expect from the market
At recent First Samuel CIO Dinner events, the question of the US election was regularly raised. We responded that the market had built in the expectation of a Trump victory, with the downside risks relating to a combination of:
Harris victory
Extended uncertainty regarding the result
Any violence or social unrest relating to the election
The expected Trump victory already saw a rising longer-term outlook for higher inflation, one element leading to rising long-term bond yields.
Three days after the Trump victory, the analysis appeared confirmed.