Looking at the market reaction to the election, mainly to the 2016 presidential race, it’s expected that tomorrow is “going to be bloody.”
That’s according to Joe Weisenthal, editor at Bloomberg. At around 9:30 p.m. PT/12:30 a.m. ET, Weisenthal said in a Facebook Live stream, “There’s almost no question: tomorrow’s going to be brutal.”
Weisenthal showed various charts exemplifying the impact of the preliminary results of the election, including a significant dip in the price of the Mexican peso, as well as big drops in the markets.
“The markets were getting smashed,” Weisenthal said before showing Dow Jones futures down nearly 700 points, S&P futures down nearly 100 points, and Nasdaq futures down nearly 220 points.
“To be honest, I’m surprised it’s not at Brexit levels yet,” Weisenthal said. “…But based on these after-market movements, it’s going to be extraordinarily big sell off in markets tomorrow.”
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