This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Every Monday, Bloomberg Intelligence senior analyst Nathan Dean gives his insights into what’s been happening and what’s coming up in the nooks and crannies of government and markets. Sign up here. Email our editors here.
My daughter on Friday said, “It’s the last day of school this year, Dad, how can I concentrate?” Granted, her day involved a holiday party and ‘extended’ gym, so the concentration required is relative. And I suspect many of you are concentrating at the moment more on baking cookies rather than in-depth market analysis.