Remember that definitely-not-financial-advice didn't give anyone yesterday?

** Here's the larger picture.This is what a blue tsunami looks like, apparently @finviz_com [image or embed]— Mike Zaccardi, CFA, CMT (@mikezaccardi.bsky.social) November 4, 2026 at 1:00 PMI haven't had many chances to say this in the over a decade we've been running this blog, but this strikes me as the market behaving perfectly rationally. As mentioned frequently before, Trump was combining Hoover's tariff policy with Nixon's approach to Fed independence, both cranked up to eleven, while deporting a large part of a key segment of the labor force, all combined with massive deficit and rampant corruption. Restoring at least some measure of checks and balances reduces a number of risks to the economy (and possibly reduces the chance of escalation in Iran) and it makes sense for the broader market to reflect that. Best day for the Dow in 19 months. @barchart.com[image or embed]— Carl Quintanilla (@carlquintanilla.bsky.social) November 4, 2026 at 2:59 PM As for the isolated losers, we've…

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