From the looks of it, Wall Street is generally satisfied with the recent presidential election and the probability that a divided government will rule the country starting next January. Gridlock is good – a mantra common on the Street going back to at least the Clinton years.
Alas, the Clinton years are long past, and America two decades on is a vastly different place to invest, for better or worse. As such, the notion that gridlock is good for the stock market might not reflect the same truth is once did.
Today, US markets are, in technical terms,