By Chris Becker
An epic ride on risk markets in the last 24 hours, putting Brexit’s motions to shame as America elects its creepy Uncle, sending bond markets in an absolute frenzy, while currencies put on 200 pip plus ranges – each way – and stocks sank and bounced more than their yearly averages!
For a trader it doesn’t get better than this in terms of opportunities, so while I have to wash out the bile in my mouth on the result, its way compensated by the bigger balance sheet. And those opportunities will continue to come because a Trump administration is more likely to be inflationary then deflationary for risk assets with wild rides from now to inauguration to early next year and beyond. First let’s have a look and see what happened in those 24 hours and after the weekend take a bigger view in my Trading Week piece on where it could all go.