We’ve watched with shock or surprise, depending on whose camp you’re on, as Donald Trump ascended to the White House. Nearly everyone was caught unaware of The Donald’s surge of support from the swing states of Florida, Ohio, Pennsylvania and Wisconsin.
The New York Times begun the night by projecting a strong 85% chance of Clinton winning but a few hours later they projected a 95% Trump victory. Endless polls were conducted and they all indicated a Clinton victory by a large margin. Although the FBI re-inquiry into Clinton’s emails did put a dent on her initial numbers, it didn’t affect her chances by much. The markets were essentially pricing in a Clinton victory – if not they wouldn’t react the way they did when Trump’s support surged through the battleground states.
The Dow was down 800 points at one point, S&P 500 and NASDAQ futures were limit down – ......