Now that Election Day is nearly a week behind us, the bunting has all been put away and the confetti swept from the streets…wait, this was a midterm election, so maybe no bunting or confetti, but at least TV ads are back to selling, not slinging, and a few yard signs have come down. For all the glamour and hype that a midterm election typically lacks, this one saw big change across the nation. But whether you experienced elation or devastation…wait, midterm year, make that modest content or mild disappointment, one fact remains: what happened on Tuesday was not without precedent. Some call it the Six-Year Itch, others the Six-Year Curse, but whatever you call it, there is a phenomenon that has been playing out over the last 100 years wherein whichever political party has held the White House for…

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Did your town scale back its fireworks display this year, or cancel it altogether? It’s still very hard to justify such expenditures in many parts of the country, even as the economy continues to improve. If you took Friday off to make a solid family four-day weekend, you’re probably just now hearing about the fireworks your coworkers witnessed when the employment report was published Friday morning. Those (un)lucky few who held down the fort saw a spectacular display that started with nonfarm payrolls popping 195 thousand jobs, 20 thousand more than expected. They subsequently watched as interest rates shot up into the stratosphere, in colorful bursts of higher 5, 7, 10, and 30 yr treasury yields, which rained down elevated interest rates on businesses large and small. What a sight to see! But as with any fireworks display, while some…

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