November 7, 2016

HAPPY DAYS ARE HERE AGAIN...:

Stocks Soar as Investors Bet on a Clinton Victory (Brian Snyder, 11/07/16, Reuters)

By Monday morning, Rothschild's aggregation of betting market data was showing an 89 percent chance of a Clinton victory over Republican Donald Trump. The New York Times forecast held steady at an 84 percent chance of a Clinton victory. The Princeton Election Consortium effectively declared the race over, saying that it gives Clinton a greater than 99% chance of victory. Even FiveThirtyEight, which has been much more cautious about writing Trump off, boosted Clinton a few points, to 67.7 percent chance of victory.

The reaction in global markets plainly suggested that the increased likelihood of a Clinton victory was seen as good news. Stock futures started trending upward after the Comey release Sunday, and all the major U.S. stock indices opened sharply higher Monday, and continued climbing through morning. That followed nearly two weeks of day-on-day declines through last Friday.

Posted by at November 7, 2016 4:19 PM

  

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