Heading into the November elections, investors pinned their hopes on a so-called Blue Wave outcome that doesn't appear to be panning out.
This also carries big implications for the stock market, which has rallied in recent weeks on expectations of timely economic relief.In the weeks leading up to the presidential election, the prospect of a so-called Blue Wave emboldened traders looking for another round of stimulus. The thinking was that under a unified government, the path would be cleared for Democrats to pass sizable relief and further catalyze an economic recovery from pandemic lows..
because either option would ensure more economic relief - and many fund managers positioned accordingly.Iconiq Capital, which counts some of the world's most influential families as clients, broke down the investment implications of the US election. Here are the highlights of it's 23-page presentation.
Apparently the stock market isn't agreeing with you this morning lol
thanks for this news