If you had duration, flatteners, and long growth/short value on as election hedges against what, by late last month, had become a consensus “blue sweep”/reflation narrative, congratulations. Bloomberg captured it well with a headline that read “Reflation Is First Casualty as Big Fiscal Stimulus Bet Unravels.” I called it the … Continue reading Nomura’s McElligott: For Markets, The Presidential Election Is Now Effectively A ‘Red Herring’