For the last couple of years, investors have wondered how voters would respond to the unorthodoxies of the second Trump Presidency. Now that midterms are over, You Can See Everything: it’s a rout, with the NYT projecting 53 Democratic Senators (plus 2 Independents that caucus with them) and 257 Democratic House members. In this Eye on the Market, we walk through the midterm results and economic/political factors around it, the implicit midterm referendum on AI and the latest AI-related market developments. Also, a section on You Can See Everything, Theranos, Elizabeth Holmes, David Boies, Tim Draper and a history of corporate fraud. Fraud is poison for markets, and investors should be equally unforgiving of people who commit it, condone it, conceal it or protect it.
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About Eye on the Market
Since 2005, Michael has been the author of Eye On The Market, covering a wide range of topics across the Markets, investments, economics, politics, energy, municipal finance and more.