Post Election Rally - Wall Street Like Gridlock

[whell]

The Dow was up 300 and the NASDAQ had its best single day rise ever the day after the 2020 election. Why?

https://www.cnbc.com/2020/11/04/elec...lose-news.html

“Markets are reacting very positively to the fact that a great deal of the election uncertainty has passed. Not all of it, but at least the worst outcomes seem to have been avoided. Markets hate uncertainty, and this is likely to be a tailwind for a while,” said Brad McMillan, chief investment officer at Commonwealth Financial Network.

Even with the president-elect unclear, stocks rose broadly during Wednesday’s trading session as hopes for a blue wave in Congress dwindled, which some argued would have been a headwind for areas of the market including Big Tech.


Watching CNBC this morning, a number of analysts have repeated these themes:

- No blue wave
- Tax policy should remain largely unchanged
- No advancement of the far left agenda (Joe Lieberman is speaking right now on CNBC and expressing some relief about this and would look for a Biden presidency to have a Cabinet of moderates)
- No legislative attempts to "reform" on big tech
- No structural changes to the SCOTUS

In other words, stocks think it'll be pretty quiet with limited legislative fireworks. That's not a bad thing.

[nailer]

Biden is status quo.

And stocks don't think.

[Chicks]

Management company owned by Jared Kushner files to evict hundreds of families as moratoriums expire
White House adviser’s company, Westminster Management, and other landlords prepare to remove tenants behind on rent during the pandemic.

https://www.washingtonpost.com/busin...er-management/

Renters, typically, don't own stocks.

[nailer]

Damned pigeons!

[whell]

Originally Posted by Chicks

Management company owned by Jared Kushner files to evict hundreds of families as moratoriums expire
White House adviser’s company, Westminster Management, and other landlords prepare to remove tenants behind on rent during the pandemic.

https://www.washingtonpost.com/busin...er-management/

Renters, typically, don't own stocks.

It doesn't take long for Chicks to enter a thread and try to change the topic.

[Chicks]

Why am I not surprised that Whell can't grasp the obvious relevance?

[whell]

Originally Posted by Chicks

Why am I not surprised that Whell can't grasp the obvious relevance?

You're right. I can't. Maybe you can help me understand how, in a thread about Wall Street's view of futures in a post-election economy, inserting a news article about Jared Kushner's property management company starting legal processes for evictions is relevant.

[nailer]

Because it's business related and about Trump's 'criminal' family. And don't forget, Chicks made a killing in the market so he has insight that you and I don't. He also is deflecting from a reality that doesn't mesh with what he's selling.

[RickeyM]

Renters, typically, don't own stocks.

If you don't own stocks you can't participate in the post election rally.
If you don't own stocks you don't matter to tRump and the boy prince.
If you don't matter to tRump and the boy prince they don't care if you get kicked out on the street.
It's a stretch but there it is, sort of.

[nailer]

That would be a deflection.