Posted To: MBS Commentary
Heading into last night's presidential debate, there had been a small amount of buzz among market participants about the potential ifs and thens. The baseline assumption was that if Trump was perceived to have won the debate, it would be bad for stocks and potentially good for bonds due to the increased uncertainty associated with a non-establishment candidate. Conversely then, stocks should gain and bonds should lose if Clinton did better. I can't speak for media outlets, but most of the campfires in the analytical community gave the nod to Clinton. Right on cue, equities markets surged in overnight trading. Bonds, however, didn't stick to the script . Instead, they waited for European markets to get going before making any big moves. In fact, even stocks would eventually change...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2cAcIVx
No comments:
Post a Comment