Shane and Kody are back the day after the midterm elections, and they have a lot to say. Democrats swept both the House and the Senate in what Hakeem Jeffries is calling a tsunami, and Shane and Kody break down every major flip, every demographic swing, and what it all actually means for the economy, for clients, and for the people who voted with their pocketbooks. They get into why Hispanic voters swung 28 points to the left, why voters under 30 moved 32 points to the left, and, perhaps most surprisingly, why White voters without college degrees, the group that broke hardest for Trump in 2016, swung 14 points to the left. The answer keeps coming back to the same thing: farmers who can't sell their soybeans, diesel at $6 or $7 a gallon, fertilizer costs tied to the war in Iran, and a grocery bill that just keeps going up. They close with the financial planning takeaways. A Democratic House makes sweeping tax legislation harder to pass, which gives clients a little more predictability for year-end planning. And listener Shawn Tydlaska asked a great question about AI concentration risk. Kody breaks down two buckets: what it means for people who just own the S&P 500 and may not realize how much AI exposure they already have, and what it means for employees at AI companies sitting on concentrated equity positions heading into a potentially massive IPO season. Topics covered: Democrats sweep the House and Senate, and the biggest Senate flips of the night Trump's nicknames for every winning Democratic candidate The Mississippi Senate race with 60 votes separating the candidates Demographic swings: Hispanic voters plus 28, voters under 30 plus 32, White non-college voters plus 14 Why farmers in Iowa, Nebraska, and the prairie states voted differently this cycle The Iran war, diesel prices, fertilizer costs and the K-shaped economy on the ballot Data centers as a campaign issue and why voters said not in my backyard Texas flips blue and what actually drove it What a Democratic House means for year-end tax planning Listener question from Shawn Tydlaska on AI concentration risk in portfolios Timestamps: 00:00 Intro, Steve Kornacki Halloween costumes and Shane's Ole Miss hat 02:30 The blue wave: Democrats sweep the House and Senate 04:00 The biggest Senate flips of the night and Trump's nicknames for the winners 07:00 The Mississippi Senate race with 60 votes separating the candidates 09:00 Demographic swings: Hispanic voters, voters under 30, and White non-college voters 11:30 Why Republican voters stayed home and who actually flipped 13:30 The cost of living, the Iran war, and why people voted with their pocketbooks 18:00 AI and data centers as a campaign issue and voters saying not in my backyard 22:30 Texas flips blue and what actually drove it beyond the California migration narrative 26:00 Inflation, gas prices, bond yields, and what it all means for housing 28:00 Farmers, soybeans, diesel, and fertilizer costs tied to the Iran war 32:00 What a Democratic House means for year-end tax planning and equity comp strategies 34:30 Listener question from Shawn Tydlaska on AI concentration risk in portfolios 🔔 Subscribe to The Liquidity Event on YouTube: YouTube Channel 🌐 Learn more about Brooklyn FI financial planning: brooklynfi.com ✍️ Leave us a voicemail question for a future episode: memo.fm/theliquidityevent 📱 Follow Brooklyn FI: LinkedIn: / brooklyn-fi Instagram: / brooklyn_f.i
