An Unexpected Whiff of Optimism During Election Day |
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Why exactly during the day-long voting process on U.S. Election Day economic optimism should return as it did at this time yesterday remains a mystery. While the U.S. people had just begun voting, the U.S. bond market and Wall Street moved substantially up, oil jumped, and accordingly the dollar took a beating. We have never had the same vivid activity on Election Day, when markets usually remain on the sidelines. Above that, the election polls were already speaking clearly in the days before,
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