Global markets appear to be sanguine over the possibility of a Donald Trump presidency as they react to the late Friday news that the FBI is reopening its probe into Hillary Clinton’s emailing sensitive material over a private server.
US stock futures are up slightly Monday morning pre-market as Asian and European market moved very little. Crude oil and precious metals are sliding as the dollar strengthens. Treasuries are being bought as yields come in slightly.
Certainly — as this election season has shown time and time again — this can’t be anything near the last shoe to drop as there is still eight days left in the campaigns.
However the fact that the markets see a Trump victory without setting off a selloff across all securities speaks volumes of Clinton’s prospects of victory.
It’s my belief that the FBI director James Comey made the announcement on Friday to get in front of what Wikileaks will come out this week.
This week will be highly volatile in the election, but how the markets react will be more of a tell-tale sign for possible election results.