This is the moment we’ve all been waiting for. That’s the good news – it’s finally here.
There is nothing intelligent to be said about what the market’s reaction to tonight’s outcome (or non-outcome) might be. It is impossible to tell how much of what expectations are now priced in.
You can have a narrative, but the facts themselves are elusive. We’re the proverbial blindfolded men describing an elephant; all of us feeling around for different parts in the darkness, none of us with an accurate visual of the whole.
One thing to remember – 90% of the US economy is based on the fact that tomorrow you will need to make the lunches and put the kids on the school bus. You’ll drop off dry cleaning or catch a flight to visit relatives or go to Home Depot for a new set of garbage cans. You will go to work where your company makes things or provides services for other people’s companies. Marketers will be using your personal information, harvested from the apps on your phone, in order to sell you the products you’ve already searched for. Your dog will still need to be fed and your family members will still need to be bought birthday presents.
This is the baseline. Things will mostly be the same for all of us.