Trump takes Florida. S&P 500 VIX futures up 42%. NASDAQ and S&P down @ 4-5% at the moment.
Fascinating indeed. I think the big-city pollsters forgot to ask the rural folk who they were going to vote for.
The magnitude of the rally over the last two caught me off guard. Almost seemed like a post-election rally, banking on an easy Clinton victory.
So if Trump wins, what will this mean for Wall St? Trump has called the stock market "a bubble," bad-mouthed the role of the The Federal Reserve and our current trade deals, etc. Until he clarifies some of his stances with specifics on what he intends to carry out, the market may remain volatile, and, to some, maybe even uninvestable. On the plus side, Trump has advocated for lowering the business tax from 35% to 15%. That could be very beneficial to earnings (and shareholders). With regard to the stock market, I see Trump as a wildcard, short-term negative but potentially a longer term positive. Any thoughts on how a Trump presidency plays out for the market? Are people buying, selling, or holding tomorrow? I may short the VIX on a major spike, but hold off on buying stocks at this point.
