- Nov 19, 2014
- 9,364
- 15,073
You are again conflating the "market" with the "economy".... the "market" is fueled by DEBT. Under Biden, there will be more DEBT than the "more debt" under Trump. Either way, the "market" will go up, but more so under Biden than Trump because there will be a lot more debt... the "market" had NO problem skyrocketing under Obama debt, the "economy" struggled under Obama. Keep the two things separate, because they are.
And along these lines, it seems interesting that the bond market can't rally today. Perhaps Mr. Market knows that the spending is definitely coming, perhaps 3 TRIL if Prez Tweeter wins or perhaps 10TRIL if Senile Sid wins. Either way, worthless, dollar, and inflation rearing it's head? Just a thought that there was no rush to Treasurys on the long end today.