US ELECTION - A FOREGONE CONCLUSION?
Equities from Australia to U.K, are having a bumper day (November 7, 2016)! Stock market investors are said to have responded to the FBI's decision not to go after Hillary Clinton. Looks like these guys want a lady as the next US President. But the turnaround could also just be a relief rally BEFORE the next rout starts. After all, if the race to the presidential finish line turns out to be as close as reported, we will only know more by next Wednesday morning. Source: chartnexus, THE CBOE Volatility index, June 2016 till now. Source: chartnexus, S&P 500, as BREXIT NO VOTE HITS. The CBOE volatility chart provides insight into the currents in the marketplace: Focus on the left of the chart, above the "BREXIT" ARROW. The last big spikes occurred end of June in conjunction with the shocking No Vote in the UK, opening the door to the BREXIT, the exit of the UK from the EU. The chart movements then are relevant to today. Initially volatility ro...