Crazy Election Night Spawns More Upside

A house divided is a positive for the markets?

Dr. Ding was up late last night! He has Biden pulling out a squeaker 270-268 once all the votes are counted.

Meanwhile, NPR has the Senate staying in Republican hands.

As I see it, this is a best-case scenario for the financial markets if these two predictions hold. Gridlock beats sweeping change in the eyes of investors.

My favorite strategist @Dougie Kass was adding to his bank stocks this morning. I am with him there, adding to (JPM) at $99.56. Watching largest holding (AMZN) climb 4% plus to $3,190. Thinking about trimming the shares bought yesterday. Doing little else today on the trading front.

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