As President Trump “goes gentle into the night” (or not), we note that since his election in Nov 2016, The Dow is up 74%, the dollar is down 6%, gold has gained over 40% in USD terms and bonds are up almost 16%… However, all those gains pale in comparison to Cryptos’ explosion as Bitcoin has gained over 5100% since Trump was elected… But today was all about Janet, damn it… as Treasury Secretary nominee Yellen told Congressional lawmakers during her nomination hearings to “go big” on COVID relief, hinted at no major tax hikes in short-term, and raised idea of infrastructure spending too… … (full story)
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