Good Friday morning. Before we get to the markets and the staunch move higher yesterday…led by the semis gains of 6.5% with SOXL (3 x Semi ETF) up 20% to $31.40, along with an 84.6% up volume day in NYSE…we received a couple of timely questions I’ll answer first:

Question one, from Bob C: What happens to the prediction of a years-long bull market if Harris wins in November?

Great question Bob and one that we get often. It’s past time I answer it. First, history tells us that the markets actually do better under Dem presidents than Republican presidents, with an approximate 3% per year advantage in the S&P 500 (going back 70 years). 

Second, should Harris win but Dems fail to take the House and Senate, this is actually the market’s favorite setup. A divided DC comes with a DC that can do the least amount of harm to you and I, which the markets have historically loved. 

Third, a Harris presidency would almost certainly be a lame-duck presidency from her first day in offic...