U.S. futures signal the carnage in tech stocks over the last 24 hours may be overdone

Most people are blaming President Trump for the Republican wipeout in the midterm elections, but not Viktor Shvets and Claudia Wang at Macquarie. The blue tsunami was triggered years ago by the U.S. Supreme Court, they argued in an unusually breathless note sent to clients yesterday. Partisanship has weakened the institutions of U.S. democracy (“independent judiciary, impartial bureaucracy, control of corruption”) ever since President Clinton and House Speaker Newt Gingrich clashed in the 1990s, they say. As evidence, they cite the U.S.

Source: Fortune Crypto