Deutsche Bank has advised its sales and trading team to immediately report to their trading desks should Trump wins Pennsylvania and Michigan. So if Trump be is reported to be leading and/or winning the two key battleground states at 8pm, expect all volatility hell to break loose.
".. all of this within two weeks of the election, puts a thumb on the political scale that will tarnish the FBI’s reputation and in my opinion, most respectfully, prevents Jim Comey from staying on as FBI director no matter which of the two candidates are elected tomorrow."
White House spokesman Earnest said he was "not prepared to defend nor criticize” Comey’s decision to announce on Sunday not to charge Clinton, and said that the White House was not given advance notice of FBI Director James Comey’s latest announcement on the Hillary Clinton email investigation.
The US election this Tuesday is the main focus of the week. The key economic release this week is University of Michigan consumer sentiment on Friday. There are several scheduled speaking engagements from Fed officials this week.
US Index futures, together with European and Asian shares surged after the FBI cleared Hillary Clinton one last time of her handling of emails as secretary of state which it repeated wasn’t a crime. Oil, gas rise, together with most industrial metals; the yen and Swiss franc retreated with gold, silver and other flight to safety assets.
"The markets are hideously inflated... If you don't sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins... There could be a 25 percent draw down on markets."
Hillary and Obama both lose it publicly as Hillary's personal hell week turns election polls upside down. Hillary spreads hatred of Trump supporters, and Obama scolds supporters because they're more interested in one Trump protestor than in him.
Despite Secretary of State John Kerry acknowledging genocide against Christians in Syria back in March, only 0.5% of Syrian refugees granted asylum in the U.S. are Christian while they account for 10% of the total population.
Asian shares traded mixed, European shares slid while US equity futures posted a modest rebound after Friday's surprising political news that the FBI reopened its probe into Hillary Clinton, after OPEC failed to agree supply cuts at a meeting in Vienna.