financial markets

“There's one thing and so far it hasn't happened and if we avoid it, we're going to fade a really big out here. Which is Trump declares victory right now. I think that is the disaster scenario because I think Biden's going to get up there.”

“If that's the case tomorrow morning, if we go to bed in another hour and a half, or if we finish this thing in another hour, and there is no winner, a clear winner, I think markets will be back to sort of modestly risk off tomorrow.”

“I think the market's fully prepared to manage its way through another four years of Trump, so I think that's, you know, the reason we're seeing the futures react the way they are, is it's a whole lot of nothing.”

“And that is why I think you're seeing, you know, giant ripple effects now because I mean, to Chamath's point about decoupling, we now it looks like are going to be decoupling our financial markets.”

“And I don't see how anyone, I don't see anyone should reenter the markets with this geopolitical risk hanging over our heads.”

“I think at the end of the day, the market's probably going to impose discipline on us. Yeah, you're right. The cost of borrowing will become so painful.”

“So I think what happened this week is actually pretty important because I think the markets were really trying to force Jerome Powell to start the cutting cycle, and now they had to move the date at which they could expect cuts out by a year.”