The Stock Market Just Had One of Its Best Days All Year, Based on News Making Clinton Win More Likely

DOW Jumps Nearly 400 Points

The stock markets on Monday jumped on the news of FBI Director James Comey’s letter released Sunday, announcing the Bureau’s investigation into the recently discovered batch of emails would not change its initial decision to not recommend prosecuting Hillary Clinton.

At opening Monday the DOW surged 230 points, and closed up 371.

It’s the DOW’s best day since March.

The S&P jumped 500 points at opening, 2.2%, breaking its longest losing streak since 1980, which was caused by Director’s Comey’s letter to Congress 10 days ago.

Why are the markets hoping for a Clinton win? Policy and temperament.

“If Trump wins and really starts a trade war, even attacking U.S. companies that import goods they manufacture abroad, the consequence could be a recession,” Ed Yardeni, president of investment advisory Yardeni Research, wrote, as CNN Money reported Monday.

“Citigroup warned clients last week the S&P 500 could plunge 3% to 5% immediately if Trump is elected,” CNN Money adds.

 

Image by Alan Kotok via Flickr and a CC license