Implications of the Red Wave Elections

The recent U.S. elections have led to a notable shift in the political landscape, often termed a 'red wave'. This shift has been accompanied by significant market reactions, particularly evident in the trading of 10-year treasuries, which mirrored their pre-election levels, revealing investor uncertainty about the future. Speculation around the newly appointed Treasury Secretary is also crucial, with potential candidates like Scott Besant, Paulson, and Lighthizer being considered. Each of these candidates bring different market implications, affecting economic policies and market expectations significantly going forward.