Yeah, I think they inadvertently just elected Trump, playing into his "Election is rigged" message. I'll be watching closely on Tuesday night. If it looks like Hillary will win, I'm going long in the /es futures. If it looks like Trump will win, I'm going short Bigly!
Looking good so far Stocks, dollar, peso jump in relief rally after FBI clears Clinton http://www.reuters.com/article/us-global-markets-idUSKBN13115N
http://www.bloomberg.com//news/arti...ussia-on-board-with-agreement-to-limit-output So this is their limit? To keep producing at a record level. Assuming, of course, that every other sworn enemy keeps to their agreement.
According to Stock Trader's Almanac: Since 1952, the best S&P 500 performance from election day until inauguration day was +8.8% for JFK and Clinton. Worst? Obama in 2008 at -19.9%. Since 1980, the worst 1-day drop the day after election day was Obama in 2008 at -5.3%. Best? Reagan in 1980 at +1.8%.
Hillary is way ahead in electoral votes, at the moment it looks like this is a done deal. The whole "election is rigged" comment is so confusing! If Hillary wins, then according to Trump, it was rigged! But if Trump wins, does that mean it was rigged? So what is it? Anyway, politics aside, this election will come and go and this market will do its thing, lets get to it!
Good morning Stockaholics! Here are your Monday morning market movers & news- Spoiler: 11/7 Monday's Stock News Movers: CMG, BIDU, ORCL, GOOGL, LUV, BID, ELNK, XRX, CTSH & more 11/7 Monday's Stock News Movers: CMG, BIDU, ORCL, GOOGL, LUV, BID, ELNK, XRX, CTSH & moreGood day Stockaholics! Happy Monday! Frontrunning: November 7 FBI boost for Hillary as tight race hits final day (Reuters) Risk plays roar back as Clinton's prospects brighten (Reuters) Stocks, Dollar Rally After FBI Finds No New Evidence to Charge Clinton (WSJ) Don’t Worry When the Stock Market Goes Crazy After Election (BBG) Republicans, Democrats vie for control of Congress on Tuesday (Reuters) The Bond Market Is at an Epic Turning Point (BBG) China Ousts Finance Minister in Surprise Reshuffle (WSJ) Swedish prosecutor says Assange interview set for November 14 (Reuters) Pimco’s Strategy for Life After Gross: Go Beyond ‘Bonds and Burgers’ (WSJ) Tesco Bank Halts Web Trades as Money Taken From 20,000 Accounts (BBG) New Discovery Broadens VW Emissions-Cheating Crisis (WSJ) China Flexes Legal Muscle to Quash Hong Kong Independence Calls (BBG) China Weighs Giving Wall Street Investment Banks Greater Mainland Access (WSJ) Islamic State deploys car bombs in new Syria battle (Reuters) Philadelphia transit strike to end before election day (Reuters) EU reconsiders financial market access rules (FT) Thousands march through Moscow for WW2 parade anniversary (Reuters) Hong Kong lawmakers barred by Beijing from office (BBC) STOCK FUTURES NOW: MONDAY'S MARKET HEAT MAP: MONDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): CEMP LC VXX NILE UVXY ARIA ELNK N ORCL WIN CTSH HLTH IONS MT SPNS PCLN TZA AAMC AKRX XIV KORS DVAX POT AMED TODAY'S PRE-MARKET EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Berkshire Hathaway — Berkshire reported adjusted quarterly profit of $2,951 per share, missing estimates of $3,058 a share, though revenue beat forecasts. Other information in the report suggested that Warren Buffett's company maintained its 10 percent stake in Wells Fargodespite the bank's sales practices scandal. Chipotle Mexican Grill — Chipotle and investor Bill Ackman have assigned a confidentiality pact, according to Reuters, agreeing to engage in discussions about possible changes at the restaurant chain. HSBC — HSBC said the retail banking profits in the U.K. would be "challenging" for the next year, and also reported a jump in its capital levels to 13.9 percent. Toyota — Toyota is considering mass production of electric vehicles for a 2020 introduction, according to Japan's Nikkei newspaper, which said such a move would be a significant reversal of strategy for the automaker. Baidu — Baidu executive Li Mingyuan has resigned after an internal probe found conflicts of interest, according to Reuters. Mingyuan had been seen as a potential success to CEO Robin Li at the China-based search engine company. Oracle — Oracle said more than 50 percent of NetSuite stockholders have backed its $9.3 billion acquisition bid for the cloud storage company. Oracle said the takeover deal is set to be completed today. Alphabet — The Google parent's venture capital arm disclosed an investment in Snapchat, although it did not provide any details. Chemours — The chemical maker reported adjusted quarterly profit of 61 cents per share, beating estimates of 34 cents a share. Revenue was essentially in line. The DuPont spin-off said its results were helped in part by improving chemical market conditions. ON Semiconductor — The company reported adjusted quarterly profit of eight cents per share, a third of the 24 cent consensus estimate, while revenue also fell short. The chipmaker does say its outlook has improved following the completion of its deal to buy Fairchild Semiconductor. Volkswagen — The automaker's Audi unit is the target of yet another cheating probe, according to Dow Jones, which reports that California regulators recently discovered software in some Audi models that allows carts to evade emission testing standards. Cognizant Technology — The cloud services provider beat estimates by two cents a share, with adjusted quarterly earnings of 86 cents per share. Revenue was in line. Cognizant saw particularly strong results in its financial services unit. Southwest Airlines — The airline reported a 5.2 percent increase in revenue passenger miles in October, compared to a year earlier. Sotheby's — The auction house lost 78 cents per share for its latest quarter, 16 cents a share wider than expected. Revenue was above forecasts in a quarter that Sotheby's acknowledged that it did not expect to be a good one, although it said it was seeing signs of possible improvement in the overall market. Earthlink — Telecom equipment company Windstream is buying its rival in an all-stock transaction valued at about $1.1 billion, including debt. Xerox — Morgan Stanley downgraded Xerox to "underweight" from "equal-weight," expressing concerns about the cost of a restructuring and its planned split into two separate public companies. Hostess Brands — SunTrust began coverage on the snack maker with a "buy" rating, saying it had made an impressive turnaround following its 2012 bankruptcy filing. Have a good trading day to everyone in here on this Monday!
Morning Cy! My, how fast you are able to post things, what kind of speeds you getting? Post up a speedtest.net image!
@Ken34 this post is about a month old but this is about the only relevant info i could find on gold during election years, etc... Gold’s pullback could last until after Election Day Since the start of 2016, gold has been outperforming, advancing nearly 30% through late July. Even after last week’s 5% loss, gold is still up over 18% year-to-date based upon continuously-linked non-adjusted front-month futures prices (used in all charts below). Using data from 1975 to 2015, gold’s average annual gain has been just under 7% in all years. In election years, gold has been substantially weaker, averaging a loss of 2.8% since 1975. Gold’s performance this election year has been well above average. Removing 2016 from the above chart we are left with gold’s 1-year seasonal pattern in all years and in election years (below). Brief seasonal weakness is shaded in yellow. Early October declines tend to persist and lead to a lower low in November before gold rebounds to finish the year higher in “All Years.” In election years, gold’s October decline has been greater in magnitude, but shorter in duration with the rebound beginning near the end of the month.
Earnings after the close today: ($PCLN $OPK $MAR $ACAD $MXL $FN $HTZ $OAZ $ALGN $MCHP $WATT $REN $AMC $RARE $TREX $DEPO $FICO $RMTI $KND)
Hugh Hewitt wrote a book, if it ain't close they can't cheat. To understand better, imagine a football game where the other team starts with 21 points. It's rigged so that the team that starts with 21 points wins. That doesn't mean the team starting with zero has no chance. Just that the game is rigged to support the team starting with 21 points. Likewise, as wikileaks and James O'Keefe have shown, the system is rigged to give the Democrat the advantage. The media is working with the DNC. Unfortunately for Bernie, they were working for Hillary over him. Not only that, but they sent people to Trump rallies to invoke violence and have the media cover it so that the media would report Trump supporters are violent. It's a long list of how the deck is stacked against the Republican. You'll get bored before I'm done. But the point was to alleviate your confusion. Just because the system is rigged against you doesn't mean you have zero chance. It does mean your chance of winning is a longshot. You mentioned the polls. Also a part of the rigging. Pollsters donate 98% of their political donations to Democrats. Even so, they have reputations to defend, sorta. Which means they can try and lead public opinion in the months approaching the election, but once we are within two weeks, the polls always start to tighten. The excuse is that the undecideds are finally making up their mind. Oddly enough, they are always making up their mind in the same direction, toward the Republican who previously was declared lost. Imagine that! So, as I said. I'm going to gamble on a Trump win, with very long odds. And I'll hedge by buying long /es if Hillary pulls it out with her 21 point lead.
not to get too political in here ... as i know we had an election thread here not too long ago that did not work out so great haha ... and truth be told but politics is certainly not my area of expertise by any stretch of the imagination! but, i'll just say this much -- it would be pretty damn epic if this election were to turn out like brexit did ... where you had everyone and their cousins declaring a victory only to see the exact opposite play out ... i'm not saying a similar outcome occurs in this election ... but i am just keeping that fresh in the back of my mind. i'd be very interested to see the reaction in the futures markets tomorrow night into wednesday morning if the voting is really close ... if brexit could bring our index futures to a lock limit down for a brief time as it did that night ... i can only imagine the reaction we would see from this election if it were not to go the markets way ... and especially after a day like today when it appears the markets are already pricing in the incumbent victory ... if that isn't the case, whelp, hold onto your ass hats! lol
the transports keep on trucking along here ... i'm not sure if this tells us anything ... i know they were the most beat up during the past 2 years and were the worst performer out of the bunch during the 2015 correction but it's been having a nice little comeback the past few months and way out performing the overall majors
