As America goes to the polls and analysts begrudgingly churn out the obligatory deluge of midterm election projections, I thought I'd offer readers what I'm reasonably sure will be a welcome reprieve from the incessant flow of articles documenting how various asset classes have performed under historical instances of split government.
Over the weekend, in the comments on my most recent post for this platform, a couple of readers indirectly happened on the simplest (and by extension, the most elegant) explanation for this year's cross-asset malaise.
Back in September, in a post called "I