Is Michael Bloomberg done? As in, is he out of the presidential race for all practical purposes, or is he simply biding his time?
You could fall either side of that question after watching his debate performance on Wednesday night in Nevada. On the negative side, Bloomberg mostly stood stony faced as the other candidates devoted much of their time to pounding his record, reputation, and wealth. He didn’t try to respond and (surprisingly) moderators rarely let him. That said, when he did defend himself by laying out his views about stop-and-frisk, or about promoting women in his business and foundation over the years, he was factual and to the point – but also dry and ill at ease. One could be forgiven for thinking it pained him to have to explain himself.
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.