Since last Friday, the dollar has been struggling against all of its major trading counterparts, equities have been weaker, the yen has started gaining some grounds and the bond yields are once again moving lower. All in all, the financial markets are preparing for a Donald Trump Presidency.
The very possibility of a Trump presidency was already here, however, the financial markets chose to go by the numbers and not by the possibility of Reagan-style win. AfterFederal Bureau of Investigation (FBI) updated the US congress of the reopening of Clinton email probe; the odds have started to shift in Trump’s favor. The polls shrank (though they were already shrinking).
In aprevious article, we argued that the market would love Hillary’s win as everyone would agree that the market hates uncertainties. No matter how good the Presidency of Donald Trump bein the medium term, it sure is full of uncertainties in the near future.
Since we have forecasted a Trump win, quite a while back, we see the market going for correction after November the 8th, however, we see that as an opportunity to buy relatively cheaper.