Remember: Markets Prefer Gridlock

Remember: Gridlock's good. Or at least for markets. Over the last several weeks, which is to say since Joe Biden bombed in the debate he asked for with Donald Trump, investors began to seriously ponder, and tentatively price, a "red sweep" scenario for the US election. That meant, among other things, speculating about the fiscal read-through of an unchecked Trump: Unfunded tax cuts and the kind of no-cares, go-for-growth mentality that got Liz Truss into so much trouble, so fast. As a quick r