Where is Biden’s post-convention bounce?
Convention season ain’t over till the dead cat bounces. A dead cat bounce, as followers of the animal spirits of the market know, is a small recovery in the value of a declining asset. As the wisdom of those who work in tall buildings has it, even a dead cat bounces if you drop it from a high window.The week before the Democratic convention, the polls showed Donald Trump trimming Biden’s double-digit lead into single figures. The numbers varied, but they averaged out to suggest that Biden was 7 or 8 percent ahead — not yet within the margin of error, but trending toward it.The Democrats’ non-conference that was nearly in Milwaukee was meant to arrest that decline.