Fannie Mae-No Politics (FNMA)

[obiterdictum]

You may recall the two 14 M share trades on FNMAT that were Form T transactions, the Friday before the election in November.

Yes, November 4, 2016.

These late in session trades made nil impact on the S/P.

Yes. How could they?

The 11/4 S/P was +.05 over the previous day. Then the weekend, to Monday 11/7 and 11/8.
Then on 11/9 was the post-election surge in S/P.

However, on November 7, the S/P began its march upwards even before the impact of the Trump rally.

Over 2 days? FNMAT went up .10 on 11/7 and then down .02 on 11/8. Then on 11/9, the post- election surge in S/P surge occurred and FNMAT was up .97.

How would you explain the uptick in FNMAS, FNMAJ, FNMAM, FNMAL, FNMAG,FNM.SG, etc. on 11/9 when considering the same days 11/4, 11/7 and 11/8 and then 11/9 or the same period from 11/4 to 11/30 when Steven Mnuchin made his statement?

Is there a statistical correlation between the large FNMAT trade and the post election surge in S/P on 11/9?