Our election preview (see “Bizarro world election”) broke down which market sectors would be affected by the possible outcomes and attempted to make sense of the strangest U.S. Presidential election in recent memory. Our analysts did pretty well. While broadly they acknowledged that markets were weary of a Trump victory — seeing it as a greater unknown — they expected Trump’s pro-growth policies to eventually be positive for the market once the shock wore off. The market digested that all on one crazy night.
More impressively, our analysts accurately pointed to specific sectors, such as the Nasdaq Biotechnology Index, that would do well with a Trump victory as well as sectors, such as long-term Treasuries, that would suffer.
On the election itself, Lawrence McDonald called it for Trump citing Brexit and
the global momentum in the general anti-trade anti-globalist movement.
... And if you look closely, you’ll see that our award-winning cover had the GOP out in front by a tusk.