Bears will awaken tomorrow afternoon to a most acrimonious reproach from equity markets — as Dow futures indicate more than a 200 point spike upon opening.
The narrative isn’t that Hillary will win on Tuesday. That has always been something Wall Street was pricing in. But the fact the Comey said nothing changed with the discovery of new emails on Weiner’s laptop means there isn’t going to be a post-inauguration shit show — which may lead to eventual impeachment proceedings. There’s nothing Wall Street despises more than uncertainty.
For a moment, let’s remove ourselves from the politics of the election and try to understand what this new piece of information means.
For one, it means an easy Fed, most likely led by Yellen. This should be dollar bearish. Also, gold should trade higher, in spite of the fact that it’s off by 1.2% this evening. I think that has more to do with risk on, than anything to do with monetary policy predictions.
The dollar is raging vs the dollar by more than 1%, another risk on tell. And, finally, the peso is smashing skulls to the upside, by 2.4%, on the specter of more of the same illegal exportation of drugs and impoverished people into these great United Steaks.
Now, in the event the LA Times poll turn about to be right, Trump +6, then this entire rally will be revoked and a great hazard will befall all those pajama clad misfits buying SPY futs tonight.
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stock jockies bareback on 200-300pe thoroughbreds sigh relief as the finish line comes into view……it wont be purdy boys……
I think the market is smarter than this.
You’re telling me the great forward vision of the market is this easily swayed?
This market has problems that go beyond the election, still think we see 17,000 before 19,000
you still believe in free markets, how quaint….
Well then you make my case that this 200 pop is rigged and we falter after Wednesday when free market forces take over.
Was there a point deuce?
Something doesn’t smell right in Denmark!
I’m with you
Betting markets always had Clinton 65%and above since April
What does this add?
Alex Jones said on his 4-6pm broadcast that the military has been told to stand down, Hillary is going to be inserted to the White House through a stolen election. Congratulations libber tards. The shit storm you always wanted is coming your way.
Must have been Comey who bought all the OTM SPY calls (on behalf of her next boss, the cattle futures trader herself) that expire this Frieday.
It was convenient of him to announce on a Sunday afternoon.
https://capitalresearch.org/article/the-clinton-method/