• S&P 500 and NASDAQ futures were in the green on Monday morning...

• S&P 500 and NASDAQ futures were in the green on Monday morning following the Biden announcement.
• Those for Dow Jones and the Russell 2000 small cap index are in the red.
• Wall Street historically does not really care who is in charge, as long as nobody introduces red tape.
• Trump is well known for being small government in nature but his plan to introduce tariffs on all imports – and higher tariffs for Chinese products – has some economists worried.
• The only real certainty under Trump is that energy stocks are likely to prevail; Harris remains unclear.
• The fact that bitcoin is part of the Trump trade is, in my view, evidence of an inherent volatility and confused sentiment ecosystem.
• Also baffling to me is that explanations of the “Trump trade” typically exclude energy stocks when one tries to describe what it means, despite the energy sector being the only sector with any real certainty around it when it comes to a potential Trump re-election.
WE CARE WHO IS NEXT PRESIDENT.