| Last week, midterm elections delivered a sweeping Democratic victory, reshaping political power in Washington and state capitals across the country. Democrats reclaimed control of both chambers of Congress, flipped governorships in longtime Republican strongholds, made significant gains in state legislatures, and elected a historic class of candidates who broke barriers of race, gender, religion, and representation. |
Blue Wave, Red Wall Street Investors are bracing for newly elected Democrats nationwide to enact legislation to curb data centers and AI buildout. For example, Texas governor-elect Gina Hinojosa has pledged to halt new data center projects in one of the country's fastest-growing markets for server warehouses worth billions of dollars. (continued below) | |
| A one-sided midterm election outcome, fresh concerns about AI, and a better-than-expected jobs report were the fuel for a volatile week in the U.S. market. Stocks rallied on Wed, tumbled on Thurs (Thursday’s 5.5% drop for the NASDAQ marked its biggest daily decline in 19 mo), and mounted a partial recovery on Friday. The NASDAQ finished 3.4% lower for the week, the S&P 500 fell 2.7%, and the Dow slipped 0.9%. Magnificent Seven dropped by more than $1 trillion. (More) |
Markets Surf the Blue Wave Markets take more than one day to digest seismic events. Nonetheless, the moves across different asset classes have a story to tell. The US Treasury reaction was positive, if not very large: four basis points off the two-year, six basis points off the 10. The dollar index inched down a bit, which isn’t too much of a surprise given the rally in Treasuries. (cont.) | |
Our recent VVIP Client Cocktail Party at Central Park Tower was an incredible success, and we are still smiling thinking about what a wonderful evening it was. We are so grateful to everyone who joined us and helped make the night feel so special. From the breathtaking Central Park views to the beautiful setting, delicious food and drinks, and lively conversation, the evening was everything we hoped it would be. And, of course, our guests arrived looking as elegant as the surroundings themselves. More than anything, we appreciated the opportunity to spend time together, catch up, and celebrate the relationships that mean so much to us. Thank you to everyone who came and made the evening unforgettable. We can’t wait to see you all again very soon!
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Studio | 1 Bath Open: 11/8 12PM - 01:30PM - By Appt | 2 Bed | 2 Bath Open: 11/8 12:00PM - 01:30PM | 2 Bed | 2 Bath Open: 11/8 12PM - 01:30PM - By Appt | 1 Bed | 1 Bath Open: 11/8 02:00PM - 03:00PM | | | | | | |
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