After a rough first couple of weeks to open 2024, markets have been ripping the past week and a half. We’ve settled into an interesting environment where the talk has gone from a hard landing, recession and four rate hikes in 2023 to a soft landing and six possible rate cuts in 2024.

Wouldn’t it be nice if the 2020 elections followed this same pattern? Yet even without Republican primaries, the spectrum of Democratic candidates has demonstrated that competition can be cutthroat, no matter how unified a political party.