The U.S. election was a wild ride! It wasn’t the Democratic landslide that I was hoping. As predicted, however, the initial vote was skewed to the Republicans, and Trump tried to portray that as a Republican win. Over the course of days, the mail-in ballots were counted, and it became clear that Biden won.

I think that everyone has taken a huge breathe of relief that we don’t have another 4 years of Trump in the White House.

The markets seem to have cheered this victory, reacting bouyantly. Trump was a nationalist who undermined key international institutions such as NATO, the WTO, and the UN. Biden should be a lot more supportive of international institutions. Trump saw the EU as an enemy. Biden sees the EU as a US partner.