Is TCJA Toast?

Fiscal Frenzy, Lockdown Labor Market, Election Optimism, Strategy vs Tactics

Fiscal Frenzy

As we watched our reflation recommendations move sharply higher in the wake of the failure of The President's Gambit leading to the loss of control of the Senate, thereby completing the trifecta of costing his party the Presidency, House and Senate in four years, a feat even Jimmy Carter fell short of, we couldn’t help thinking the market w…