Divided Government Rally!

On this week's episode!

We return! After days of hand wringing, the Election skids toward divided government, which is to say NO GOVERNMENT.

And in the context of anarchy, the market rejoices that new regulation will be impossible, even if the stimulus hopes have fallen into the sea. Which is a way of saying, there is certainty that nothing will get done.

And to boot, China ETFs burst on the prospect of a China-friendlier Biden administration. Not to mention minerals (gold / silver).

And in case you missed it, Uber and Lyft survived Prop 22, confirming that people want to make sure DoorDash survives rather than give the wretched poor a break.