In this latest issue of my weekly podcast, I replay my recent interview with JT Taylor, Hedgeye's Chief Political Strategist. With the election a few days away, the race for the White House and Congress is on track to be the most divisive and expensive in history. Joe Biden, while fading slightly in his lead over Donald Trump, remains decisively ahead. For Trump to barely squeak by in the Electoral College, he would need an incredible surge to win all of the states in which he is tied or the polls are close. In the Senate, we continue to bet on a Democratic majority by 1 or 2 seats. The Democrats are nearly certain to lose Alabama, but gain in Colorado, Arizona, in Maine. They need just one more win to break even.

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