iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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MARKETS CAREEN LOWER AFTER FBI REOPENS CLINTON EMAIL INVESTIGATION; MEXICAN PESO PLUMMETS

I did warn you that the peso had formed a ‘taco formation‘ and was about to break lower again, didn’t I? After news broke that FBI Director, James Comey had reopened the Hillary Clinton email investigation, both stocks and the Mexican peso plummeted in very heavy trading.

market

A Clinton win has been viewed as very bullish for Wall Street, as it meant status quo. Markets do not like uncertainty and a Trump presidency would be filled with a lot of that. Also, a Trump win would likely mean American policy would pivot towards protecting American jobs and not permitting companies to pick up and move to Mexico in order to take advantage of lower wages. Any time Trump gained momentum, the Mexican peso plummeted.

The dollar is crushing the peso in aggressive trading right now, as markets try to price in a potential Trump ascension.

peso

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4 comments

  1. bushwacker2

    Yay! Maybe Lady Justice might be rising from the dead just in time for Halloween.

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  2. metalleg

    Well, if Trump wins, I’d say we all celebrate with Tacos at the nearest Chili’s.

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    • roundwego

      Chili’s? Thats libtard fake tex mex. Goto mom and pop taqueria and baria or cabesa. Fuck fake shit.

      And visit your bordertown mexican strip clubs for pink taco, they are much more appreciative of american dollars than fake spermint rhino.

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  3. roundwego

    Pink taco for every trump supporter.

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