Futures Rally Bigly Off the Lows; Defense, Infrastructure Stocks Soar After Trump Win

Futures are up more than 600 from last night’s panicked lows. Bonds are getting demolished now, as the specter of QE wanes — leading to a huge move lower in TLT.

As of right now, the spread between the 2 and 10 yr bond yields is 110bps, which is very bullish for banks.

US Steel is higher by 10% and CAT is up nearly $3, due to the specter of a gigantic southern border wall.

Gold stocks are sharply higher and defense contractors, like RTN and LMT are ripping to the upside due to Trump’s pledge to increase military spending.

Expect coal stocks to roar higher too at the open.

Essentially, the great panic of a Trump win has morphed into a sober realignment of interests and investors are reallocating assets in places that should benefit under Trump. Bear in mind, today’s reaction might be a bit cartoonish, as people exaggerate what a Trump win might mean.

All in all, early going, it looks like the market wants to rally. I will have a lot more to say once I see the markets open and bear witness to the capital flows.

The world hasn’t ended.

Americanism over globalism.

It was a long election and it looks like the media is afraid to call the election, but it’s over. Trump is likely to win both PA and MI — pushing his electoral win to around 307.

Tonight is not the night to call out the people who said Trump was going to drop out of the race —  and the litany of cuckold libtards who said Trump was going to be humiliated and lose in a landslide. It’s important for you to know, especially with the futures limit down and gold through the roof, that “The Fly” wins again. It’s very simple, frankly. You bet against me —  via crooked Hillary —  and lost. Now all of the very worst people in the world, the GOP and DNC ruling class, are urinating in their pants — caretrolling about the specter of a Trump presidency. No one will hold Trump to his promises more than me. This is merely the first step in breaking free from the chains of globalist scum slavery. Fifty percent of you aren’t redpilled and truly believe Hillary Clinton is a good woman. This can be readily explained by genetic mutations in your genome which lead to a distortion in the way your minds function.

This all will come full circle back to economics and capital markets, which is why I’ve been dedicating so much time on this election of a lifetime.

The bells of freedom are ringing throughout the country tonight. The silent majority, the often reviled and ridiculed uneducated ‘white man’, lodged a complaint —  by voting for Trump and against the establishment elite of mercenary GOP/DNC capitalist, neocon, war mongering bastards — and has been recorded and heard.

Victory is only the beginning.

Good night.

NOTE: The polls were rigged. QED.

He’s so sad. Trump the racist bully is going to make America great again and that’s a horrible thing.

Van Jones, looking choked up, somehow manages to sum up the fear and pain that many are feeling tonight. pic.twitter.com/K7eiJdO8Aj

— Dave Itzkoff (@ditzkoff) November 9, 2016

This is clownish. I told you the entire rally of the past two days would be revoked, and more, should Trump win. This is a repudiation of globalist scum, people disinterested in the issues of America. Instead, America chose to rebuke Obama’s pro ISIS, pro Iran, pro Obamacare, pro climate change policies that have done nothing but line the pockets of the globalist elite.

As such, futures have collapsed by more than 800. All of the risk off assets are up and the risk on down.

If Trump wins in MI or PA, he would’ve won the Presidency. It’s important to understand what this means for America and how pissed off the people are with the neocon assholes who’ve pursued aggressive policies overseas.

Everything changed tonight. This isn’t about Hillary or democrats losing power. This is about real change, the type of change that Obama promised us in 2008 but never delivered.

If you believe markets will rebound after tomorrow’s drop, you have no idea how far this rabbit hole goes. Dip buyers beware.

Saudi Arabia is going to pay. This is a referendum of Americanism over globalism. Fox news is reporting Trump just took Florida, effectively leveling all of the gimps in the media and their idiot polls to nothing.

Markets are dislocating in a very big way, with gold up more than 3.7% and WTI crude off by 3.2%. The euro is higher by 2% and the yen is absolutely rocking — higher by 3%.

US 2yr yields are off by 15 bps to 0.71%. Holy shit.

Dow futures are off by 650 and the peso is down by 11.7%.

NOTE: NASDAQ FUTURES ARE OFF BY 210.

Not only did Trump win in the battleground state of Ohio, it was a landslide win. With 78% in, Trump is leading Clinton by 11% in Ohio — effectively trouncing the dark evil witch with extreme vigor.

Hard core liberal statistician, Nate Silver, had Trump’s odds of winning at just 25% heading into this evening. As of right now, he’s favoring Trump by 55%.

George ‘globalist’ Will is freaking the fuck out on Fox now, worrying about a Trump win. Nearly everyone is in denial, still clinging onto hopes of a rigged election. There never was any tangible support for Clinton. All of her votes were anti-Trump.

The NIKKEI is down 5% and Dow futures are off by 700. Welcome to the terror dome, globalists. You’re apple cart will soon be disrupted.

NOTE: The peso is down a record 11% tonight.

Fox news just called VA for Clinton. Aside from that, Trump is +11% in Ohio with 74% in.

Trump is +1.5% in FL with 95% in.

Trump +4.7% in MI with 27% in.

Trump +2.2% with 44% in.

Trump up 11.3% with 77% in.

Trump +3.6% with 83% in.

Clinton is +8.6% in PA with 46% in.

Dow futures are down 631. Holy shit (establishment elite scrambling for cover).

I’ve never seen a drop of this magnitude.

The peso is down nearly 8% v the dollar now.

DNC operatives are in denial on Fox and CNN now. Big money is relating a much different narrative. Dow futures are off by 475 and the NIKKEI -2.2%.

Also, the yen is SOARING by 2.5% v the dollar, bond yields are collapsing and gold is up by 2.2%.

Should Trump lose, this entire risk off trade will be revoked.

UPDATE: The peso is -10%

With 91% of the votes in, Trump is up by 1.5% or 140k votes in Florida. As such, futures are getting clown slapped, off by 200+.

Gold is higher by 1.1%. Crude is lower by 1%. The yen is higher by 1.1% and Asian markets are sharply lower.

Trump is doing much better than Wall Street expected. Ergo, futures are fucking plunging.

As we speak, Trump is now up 0.5% in NC with 70% in.

Lastly, the peso is off by 0.6%.

Update: Futs -300

UPDATE: Futures -450