We’re glad we got out and voted Tuesday. But with the polls closed, and all but the law-faring, protests, and scorched earth to go, the real question is “Now what?”
We are dividing this up into piles:
- ‘Short-term prior to Jan. 20’ which could be a scorched earth period.
- The Lawmaker pile – because control in DC just shifted in the Senate.
- The International pile – which the dems may level into WW III yet, before leaving office.
- And – of course – the economics of it all which we will model in today’s ChartPack, though with the HUGE asterisk that tomorrow the Fed will be announcing rates and we will find out if dems have another slap in the wings there.
For now, the market (basis the early futures) was set to blast higher. But an outbreak of peace and prosperity (slogan of the old American Whig party in the 1800s)? Maybe not so much.
Remember, structure occurs in the grains of a sand pile just before collapse. (Kadanoff sand pile model. Avalanche structure and wave shape – ScienceDirect). We’re not out of the woods, yet. And the big bag wolves are still hungry.
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