AUD outperformed as iron or and coal prices continue to rise
Betting markets say a “President-elect Clinton” headline tomorrow is a done deal.
Just as important will be who controls the Congress. Pundits say the Republicans will certainly hold onto their majority in the House but it’s 50-50 as to whether they will hold onto the Senate. The Senate is important: they vote on key appointments such as Supreme Court judges. Clinton would love a majority....
This Bloomberg chart shows what happened to the S&P 500 after previous elections (initial re-action is often the wrong one)