Our coverage of the “War Between the Bankers” picks up from the Monday nosebleed in the market. We update this relative to “The Joe Line” in our ChartPack this morning.
The “Joe Line” is a level below which the incoming Biden administration has an opportunity to fall smack into a depression without so much as a mock waiting period. Which would be bad for the outgoing Trump, since Biden can paint whatever ails America as a Trump-over.
The battle coverage as soon as we get in a few headlines and a forensic view of markets. Based on our assumption that relative performance of asset classes is important since there’s only “just so much money in the world.”
When it all runs over to one side of the boat, then economic capsize may be in the cards. Just not today, we hope…