I noticed last night the bond market was rallying because a lot of people think divided government will result in lower deficits. IMO this is a mistaken viewpoint. With Democrats in the House, I expect to see a giant, budget-busting, bi-partisan infrastructure bill soon . Still, the bond market disagrees, and this might explain why stocks are rallying. After all, if interest rates are going to fall, who cares about slow earnings growth? Anyway, congrats to whoever decided to go long stocks. But stay safe, and don't forget your stops.

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