The Compound and Friends The Compound's Post-Election Special with Callie, Ben, Michael and Josh
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Nov 6, 2024 Join Callie Cox, Chief Strategist at Ritholtz Wealth, and Ben Carlson, an investment analyst, as they dissect the post-election market dynamics. They explore the noticeable impacts of Republican gains on stocks and the rise of small-cap stocks. Topics include Bitcoin's potential evolution as a reserve asset and the economic implications of tariffs and immigration policies. The conversation also highlights market reactions to political events and the psychological factors influencing investor behavior, providing listeners with valuable insights into navigating current financial waters.
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NYSE Election Night
- Josh Brown attended a CNBC election night watch party at the NYSE.
- He met notable figures like Gary Cohn, Dan Loeb, and Mark Lazzari.
Certainty vs. Uncertainty
- The market reacted positively to the election results' certainty, avoiding potential drawn-out ballot counting.
- This contrasts with 2020, where the market rallied despite post-election uncertainty.
Presidential Returns
- Michael Batnick questions the conventional method of measuring presidential term returns.
- He argues that the current market rally should not be fully attributed to the outgoing president.