While it is rarely stated explicitly, the legitimacy of the modern American electoral system is founded on the idea of majority rule. Because of this, at the conclusion of each election, the victors claim the election reflected "the will of the people" and, in many cases, also claim a "mandate" to implement the victor's policy agenda. This has always been a tenuous claim in every way...
"Democrats knowingly chose to nominate a deeply unpopular, extremely vulnerable, scandal-plagued candidate, who — for very good reason — was widely perceived to be a protector and beneficiary of all the worst components of status quo elite corruption."
"In recent months, WikiLeaks and I personally have come under enormous pressure to stop publishing what the Clinton campaign says about itself to itself. That pressure has come from the campaign’s allies, including the Obama administration, and from liberals who are anxious about who will be elected US President."
"Trump is importantly supported by dislocated, disoriented voters who are angry about a number of unquestionably significant trends that are impacting them and their communities. Regardless of the outcome of the election, they and their sentiments will remain a powerful force."
Thanks to the latest Podesta email release, we learn that Hillary agreed with Podesta who advised her not to use "this channel" in discussing confidential, intel-based information, when she simply responded to his warning with "got it."
We still don’t know the outcome of the 2016 election, in which our “democratic process” has produced two candidates widely despised by the American people, but we do know the race’s biggest loser: reporters and the profession of journalism, which has been reduced to surrogacy, largely on behalf of Hillary Clinton.
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.
With yesterday's, 8th consecutive decline for the S&P 500, the US equity market has now posted the longest losing streak since October 2008; and should we close payrolls Friday day with another negative print, it would be the longest negative streak since December 1980. Putting the recent slide in context, stocks are now down compared to a year ago, and are unchanged since December 2014.