The Stock Market's Reaction To The US Election (098)

Following the November 2024 US Election, Signe and Michelle discuss how the stock market, betting markets, and the economy seem to be reacting to who won the US presidency. We touched on how the Fed recently lowered interest rates by 25 basis points in anticipation of a slowing economy. Warren Buffett seems bearish as Berkshire Hathaway's cash pile is $325 billion! Signe mentioned Fed Chair Paul Volcker's book Keeping At It about how he brought down inflation, so she has a lot of admiration for how Jerome Powell has managed to balance monetary policy with economic headwinds.