However, a tortured battle looms. As Joe Biden closes in on victory, President Trump has vowed to fight to the finish. The relentless Trump has already petitioned the courts. There may not be a resolution before the inauguration, which is 76 days away.
Alfred E. Neuman was a fictional character in Mad magazine. He was cross-eyed, gap-toothed and always smiling. Neuman was never bothered by any setback.
Neuman’s motto “What, me worry?” could be the catchphrase of the equity market. The market has greeted the election uncertainty with glee. Technology stocks have powered yesterday’s rally. The Nasdaq 100 is up 4%, while the S&P500 rose 2%. Even the suspension of Ant Group Co’s IPO was brushed aside.
