Stocks Rise, Treasuries Fall With Gold as Clinton Gets FBI Boost

[question everything]

Source: Bloomberg

Global stocks rallied with commodities and Mexico’s peso on speculation Hillary Clinton’s chances of a U.S. election victory increased after the FBI said her handling of e-mails wasn’t a crime. Demand for haven assets waned, with high-quality government bonds, the yen and gold retreating.

Both the MSCI All Country World Index and S&P 500 Index were set for their biggest gains since June and European shares climbed from a four-month low as Clinton is seen by investors as the more predictable candidate. The peso jumped the most in a month, and a rally in the dollar versus the yen showed traders were close to fully pricing in a Democrat win. Oil and metals paced gains in materials, while gold sank with Treasuries.

Also

Dow shoots up 300 points, S&P surges 2% on the eve of the US election; financials lead

http://www.cnbc.com/2016/11/07/us-markets.html

U.S. equities kicked off the week on a high note, trading sharply higher on Monday after the FBI again cleared Democratic nominee Hillary Clinton over her use of a private server.


Read more: http://www.bloomberg.com/news/articles/2016-11-06/mexico-peso-jumps-as-fbi-reaffirms-e-mails-view-yen-franc-sink

[Divine Discontent]

1. I always enjoyed guessing the gold prices. In high school we had contests for it in current affairs

along with stock contests. I thought the news about Clinton's emails yesterday would drop gold 25 or more and it is right in line with that. I think it continues to drop for a week if she wins big.

[Lucky Luciano]

2. USDMXN sharply lower too to 18.6...peaked at 19.55 on Nov 1.

I say USDMXN to 18 on a Clinton win and 22 for the other guy.

Implied probability for HRC is 85%.