I don't understand this point. The market initially wanted Hillary for "stability" because they knew what she was about. Once the market actually looked at Trump's policies and how they would be, according to many, pro-growth, they rallied behind that.

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Posted by DzNtz

Member since Oct 2007

687 posts

Posted on 12/1/16 at 12:17 pm to Jyrdis

I feel like the precipitous crash of the futures market happened early on election night while many were still predicting a Hillary win. Once the election started to swing towards trump, I felt like the markets began shooting upwards again. Maybe wall st was more fearful of Hillary than we were lead to believe by msm and actually realized the good trump could do

Just my recollection from election night fwiw

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Posted by RuLSU

Chicago, IL

Member since Nov 2007

8126 posts

Posted on 12/1/16 at 3:08 pm to Jyrdis

quote:
I don't understand this point. The market initially wanted Hillary for "stability" because they knew what she was about. Once the market actually looked at Trump's policies and how they would be, according to many, pro-growth, they rallied behind that.

Doubtful.

People speculated on a Hillary win, and they bet on equities that would benefit from a Hillary win. When that looked unlikely, they spun their "Hillary" assets to entered "Trump" positions.

The market had a sell-off overnight, then bought potential "Trump" wins all day Wednesday.

This is Wall Street / money people; they don't care about feelings, they only care about math.

This post was edited on 12/1/16 at 3:09 pm

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