New York Times: “It’s a risky game to try to tie swings in financial markets to political news. Markets often rise and fall for reasons that have nothing to do with the day’s biggest headlines. And if Monday’s rally were a one-time occurrence, it would be safer to attribute it to random chance than to the market’s collective judgment of the future under the two potential presidents.”
“But in this election cycle, there has been a clear pattern in which the odds shifted in the race and different financial indicators moved in a consistent direction. Good news for Mrs. Clinton’s campaign has coincided with higher stock prices, a rally in the Mexican peso and a decline in expected stock market volatility. Good news for Mr. Trump has coincided with the reverse swings.”
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