Election (I hate politics, and don't like talking about it – but it does move the markets, so...)
BIDEN PICKS HARRIS – Don't think it is an immediate needle mover. Wall Street expects Biden to lose, and doesn't believe fake polls. Wall Street likes low taxes, low interest rates and low capital gains – the opposite of Biden and Harris.
Right at the close (of trading yesterday), Biden picked Kamala Harris to be his running mate. The New York Times was quick to say that the 4th most liberal, green deal backing, gun control fanatic (who owns a gun herself), free healthcare for illegal immigrants, anti-plastic straws, Medicare for all senator was labeled “Moderate”.
LOL A “moderate?” Hannibal Lector, by comparison, was a gourmet. She arrested 1900 people for smoking pot while doing bongs herself. Aren't people rioting because there are two sets of rules – one for the cops and one for citizens, one for politicians and one for citizens, one for.....
Harris, who mostly grew up in Canada, had stated in April of last year that she believed Biden sexually assaulted women. She has serious issues with Biden being a potential rapist (not my words), but her convictions are are not as strong as her desire to be VP to that candidate. WOW. With so many qualified and honest black women, why would Biden pick her? I guess it doesn't matter....the media will say it was the best choice.
If Biden had picked Michele Obama or Oprah, it is my opinion Biden would win based on them alone. The media would have an easy time carrying Biden over the finish line. He didn't. I think the market is going to realize this, comfortable betting that Trumps pro-business and low tax policy will be around another 4 years.