Job numbers this morning....a really bad report will send the markets higher....will just be another excuse not to raise rates in December....
Everyday there is someone calling out at least a 5-10% drop in the market if Trump wins.....this morning it's citi making the call....and now all of the sudden we are getting more recession predictions as well if he wins....so if Clinton wins markets rally back to historical highs and forever rally and we get no recession for at least 4 years.....??? http://www.cnbc.com/2016/11/04/citi...-sp-500-if-trump-wins-warns-on-recession.html
Oil down to $44.....just last week they were calling for oil to run higher.....what a surprise.... Oil down significantly in the last 2 weeks after hovering over $50.....
Imo, there is no saving the next Prez from a recession in 2017. The difference is that Clinton has more plans for fiscal stimulus than Trump, so it is possible that she could shorten it better. Trump is being painted as anti-business. I don't buy this. I do paint him as anti-trade, some kind of trade, but in fact that style trade might be healthier than given credit for because it will be fairer for both sides. Markets don't like that Clinton has been moved left by Sanders and Warren. In fact, this is likely to be at least a wash and maybe a plus since many of these policies will put money in the hands of people that spend it instead of hording it. In conclusion, the stock market has its head up its ass, as usual. It goes higher in spite of the assholes that "run it". I would not be surprised one bit by a 2300 SPX year end 2017 regardless of president [probably with a dip to 1900 to 2000 first depending on who wins]. Markets are more affected by IRs than just about anything else, and both of these candidates regardless of their rhetoric see the need for smart fiscal stimulus.
Booooo hahah s$p down 9 straight days.... Too bad it's only a couple of percent....you would think a drop of at least 12% but nope....market is setting up for a gigantic move next week....I'm thinking an easy 3% move next week .....if trump wins markets could easily sell off 3% Wednesday... Clinton wins markets will erase all losses from last 2 weeks and volatility index will plummet.