How far,how fast?
Equity markets are a true vote on the policy decision making process.
Reagan capitalism to Obamaian socialism didn’t take long.
Is it any wonder when trillion dollar spending bills are unread, unregulated politicians can’t be recalled and political leadership at best not only lacks experience but has an amateurish feel to it, that equity markets wouldn’t act accordingly?
Fridays ES market showed lower value with closing price at its lows in an orderly manner. Monday should be interesting. With November’s low broken, be prepared. Context and location are everything.
i think you are right; in the words of Walter Sobchak in the Big Lebowski, we are getting ready to “enter a world of pain”
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