Daily Alpha · Substack
· Midday Alpha · by Buzzberg Research
Fidenza read the Democratic sweep as mostly priced but grew more bearish, and Nonconsensus asked how the AI boom meets expectations with so many governors now opposed.
Nonconsensus asks how the AI boom meets expectations with many governors now opposed
The note says the market bounce came as the administration accepted the election results, and calls the AI boom's ability to meet expectations, with so many governors now opposed, the longer-term question.
Source →Fidenza Macro is increasingly bearish on the four-year bull market
Fidenza says equity futures dipped sharply on the Democratic sweep and recovered in a V-shape as the result was mostly priced, but sees more warning signs that make it increasingly bearish on the four-year bull market.
Source →Noah Smith says voters punished corruption and cost-of-living failures
Noah Smith argues Democrats won more decisively than forecasters expected because normal Americans punished corruption, cost-of-living failures and unhinged governance.
Source →QTR stays bearish beyond the blue-wave bounce
QTR says the market is celebrating political gridlock while the author looks at everything that just got worse, after Democrats took both the House and Senate and flipped seats Republicans considered safe.
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