What If Hillary Had Won?
Via ConvergEx's Nicholas Colas,
Counterfactual analysis is a useful way to consider the world we actually inhabit. To that end, today we ask “What if Hillary Clinton had won the Presidency on November 8th?”
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S&P 500
Dow finally breaks 20k for the first time
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How Much Longer Can The Market Go Without A Correction
With the recent performance of the S&P, in which there has not been even a single 1% drawdown since the election, not only is complacency raging but some traders have forgotten what it even means to experience a modest 5% correction, let alone a 20% bear market. How much longer can this go on?
For the answer, we turned to a recent report by InvesTech, according to which as the table below shows, a 5% correction has occurred about once every seven months in an ongoing bull market.
Dow Hits 20k On Best Day In 7 Weeks As Investors Dump Dollars, Bonds, & Protection
In case you missed it, The Dow hit 20,000 today...
As we noted yesterday, the last month has seen the lowest trading range in US history...
RBC: "The Top Question We Are Getting Is What Is Driving This Move"
Curious what other traders are most confused about? Courtesy of RBC's Charlie McElligott, we now know the answer: "what is driving this move?" Below is the attempt by the RBC cross-asset strategist to explain it.
The "Right Kind" Of Trump Driving Equities Melt Up, TSY Sell Off