Stocks wanted to continue their rally higher, and the futures came in with the old heave ho higher.

But the euphoria is wearing off a bit, and they managed to avert a loss, finishing nearly unchanged.

The weakness in the tech complex was the tell since this is a tech bubble of the AI variety after all.

The Dollar rallied higher.

Bitcoin is blasting up with the speculation in stocks.

And poor old gold and silver were hammered lower again, down to the lower support bound for the short term.

I took some time to read the things that I wrote in 2016, the last time Trump defeated an overconfident party insider.

There was a euphoria in stocks back then, with the metals getting slammed after an initial rally higher on election night. I remember it well.

I found this old video from Thomas Frank about that election. The comments then are still striking today.

They'll never learn. Because they don't want to.

Have a pleasant evening.

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