IMPORTANT TAKEAWAYS FOR MARKETS: 1. checks and balances = gridlock = sanity (except Oregon) 2. Rejection of extremist agendas of both colors (Except Oregon) 3. Rejection of stupid tax ideas 4. There is no amount of $$$ that could get me to Oregon Reiterate O rating: dumpster fire

If you understand at all the pressure on institutional $, to me there is only one decision here. The backdrop is rational, rotational, and very bullish. No manager can miss this final move. Reopening? Eventually. Vaccine? Likely. Happier backdrop? Sure. Cyclical? Perhaps.

Inflationary? They’ll try. Companies screwed down expenses? Tightly. Different groups with Biden? Yup. Once tax loss selling is finally complete (if not already) “They” will come to buy everything.

I’ll reiterate an earlier tweet: The seasonals are very favorable. The amount of hedging thats gone on is historic. The constant din and fear of rioting, guns, ammo buying, fascism, blue wave, cap gains tax blah blah will fade. Therapeutics and vaccine chatter will gurgle.

America voted to contain the extremes. And that’s good. That will give a bias to putting a bid under this tape and promote buying the dips. That’s my belief. Unless stock specific shorts, trade from the long side. Good night and good luck.