Today is an example of how markets don't care about anyone's politics. It doesn't care who's in office, who wins the midterms or what campaign promises are made. It doesn't care about blue, red, or purple. There will be a lot of people taking credit, blaming others about the markets reaction.
However, the market only cares about liquidity and certainty and today, the markets know that not a damn thing is going to get done for 2 years and the government will be in gridlock.
Markets love this because they know their capital can be put to use for at least 2 years before some politician can screw it all up.
However, the market only cares about liquidity and certainty and today, the markets know that not a damn thing is going to get done for 2 years and the government will be in gridlock.
Markets love this because they know their capital can be put to use for at least 2 years before some politician can screw it all up.