It’s been just over 10 days since the US Presidential election, and I sense that many Americans – and market participants – are still in a state of “denial or anger”. That said, some people have moved on towards ‘acceptance’ (e.g. Dalio, Buffett, President Obama, etc). From my perch, it’s too early to say.
[dalio]
Based on public reaction, there are reasons both to be hopeful, and to be concerned (whether these hopes and concerns are meritorious or not, remains to be seen):
Reasons to be hopeful – the appointment of the likes of Jamie Dimon, Nikki Haley, Mitt Romney, etc mentioned as potential Trump Cabinet members – have given hope even to the likes of the Vox founder,...
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