“Global stocks rallied after Donald Trump said his administration would co-operate with Joe Biden’s transition team and on hopes that the former head of the Federal Reserve would be the next Treasury secretary.”
| +50 | Future of PE | 14 | 9m |
| +25 | Hardest time I have ever seen to be a GP | 3 | 3d |
| +20 | How to Get on Career Track / Stay Post ASO years | 6 | 1d |
| +19 | Healthcare PE | 7 | 15h |
| +19 | Weighing exit from LMM PC/PE | 4 | 1d |
| +15 | KKR comp for Principal | 20 | 15h |
| +11 | Reality of the move from LMM to MM | 2 | 6d |
| +9 | MBA and Private Equity | 3 | 2d |
| +9 | LMM/MM PE London | 5 | 2d |
| +8 | Lindsay Goldberg FT 27 | 8 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
To put it quickly and simplistically: a) the markets were relieved that trump agreed to begin transitioning to the Biden administration, thereby reducing the uncertainty of how trump was going to handle leaving office and b) high conviction in Janet Yellen’s appointment, as she played an important role as fed chairwomen during the aftermath of the financial crisis, namely keeping interest rates low (for probably too long, but it boosted the market)
Now the vaccine distribution won't be completely botched by Trump continuing to be difficult, so there is a higher likelihood of returning to a sense of normalcy sooner rather than later.
Removes the tail risk that Trump digs in hard and refuses to leave the White House, throwing the country, economy, and market into what academics call a cluster dumpster fuck fire.
What you’re seeing is a low probability but high severity risk get priced to a zero probability.
.
Thought I'd add that he only instructed the GSA to proceed since the head administrator was getting harassed and threatened. Trump has said he is still going to fight.
Eligendi pariatur ipsum ea nobis quis. Doloribus est enim inventore explicabo. Quis enim tenetur perferendis cumque corporis voluptatem et. A necessitatibus omnis debitis deserunt laudantium ducimus laboriosam. In fugiat voluptatem earum et enim quod et. Voluptates assumenda quasi earum. Sed autem enim nulla dolorum earum non repellat voluptate.
Tempora ipsam est est voluptatem adipisci quam asperiores. Nemo est iure architecto voluptatum ullam commodi fuga. Aut rerum sit error neque. Molestias perspiciatis illum similique doloremque quia. Rem tempore iste qui. Aut impedit voluptatem quidem et.
Consectetur et aperiam quo. Qui debitis voluptatum voluptatibus. A animi blanditiis nesciunt vitae deserunt ut in. Quia est necessitatibus voluptas facilis amet. Ab eligendi est autem sint. Sapiente non adipisci beatae laboriosam et non molestias est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...