The market moves since the US elections have been both big and surprising, and as JPMorgan notes, fund managers have been either too slow or too reluctant to jump into the Trump trade. However, algo-based Risk-Parity funds suffered the most with their biggest loss since Dec 2015 as market 'fear' tumbles to 9 month lows (and stocks are the most overbought in 13 years).
Jill Stein's credibility seems to be sinking fast as both the Obama administration and the Clinton campaign have released statements this morning indicating they've failed to uncover a single shred of election hacking evidence. The Obama administration confirmed their confidence in the election results via comments made to the New York Times saying that the election was "free and fair from a cybersecurity perspective" and that votes "accurately reflect the will of the American people."
Submitted by Charles Hugh-Smith via PeakProsperity.com,
A remarkably diverse array of “explanations” of Donald Trump’s presidential election victory have been aired, representing both the conventional political spectrum and well beyond.
Let’s start with the conventional mainstream media “explanations”:
This morning Hillary Clinton's campaign general counsel, Marc Elias, confirmed what we all knew already, namely that Jill Stein is likely acting at the direction of the Clintons in her recount efforts in WI, MI and PA. The discovery came after Elias posted a note to Hillary voters this morning on Medium confirming that they would participate in Stein's recount efforts even though the Clinton campaign itself had decided against a recount because they had "not uncovered any actionable evidence of hacking or outside attempts to alter the voting technology." This approach see
Submitted by Eric Bush via Gavekal Capital blog,