Equity Risk Tumbles As Trump Closes Gap On Clinton

Despite the constant puke of propaganda that a Trump presidency will bring hell on earth and crash stock markets (remember Brexit?), it appears market participants are much more concerned about a Clinton win...

As Clinton's lead soared following 'pussy-gate', so investors piled into protection, bidding VIX up from 13 to 18...

During the last week, Trump has regained some momentum and VIX (equity risk) has tumbled.

Perhaps tyranny is what markets are most afraid of, as Larry Lindsay warned,

"it's pretty clear what side the news media is on here and that is something that should worry markets after the election... If Mrs. Clinton becomes President, who will keep an eye on her, on the kinds of side-deals that may be happening, on the regulatory abuses...?"

But we do note that the Peso remains convinced of a Clinton victory (or Trump loss)...