Monthly Macro Monitor: Investors And Voters Are In A Sour Mood

2025-11-10 04:09:00 ET

Our view of the economy is somewhat obscured by the lack of official data, but what information we do have from the last month points to an economy that continues to weaken – continuing a trend that has prevailed all year. The most obvious negative pronouncement about the economy came from voters last week who produced some big surprises in last Tuesday’s elections. Democrats overperformed most everywhere, and the exit polling was pretty clear about why. While immigration policy enforcement likely played a role in swinging some Hispanic voters back toward blue, the overwhelming reason voters showed up in droves was anger about the economy. Voters are in no mood to wait for the results President Trump and his economic team keep promising. There is an undercurrent of economic discontent in this country that has persisted for most of the post-2008 crisis period, and it has gotten worse since COVID. This discontent isn’t found in aggregate economic statistics, but it is expressed fully in the political arena against whatever political party is in power....

Read the full article on Seeking Alpha

For further details see: