Map: http://www.270towin.com/
*The above chart has been finalised by me, and I believe that is how things will settle.
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My own guess of 351/187 was clearly a little overly bullish for Trump. I had assumed that if MI went to Trump, that MN, VA, and NH would also follow.
In any case, it is a clear victory, and yours truly is rather pleased.
Almost as important as good international relations, infrastructure spending, which will be a key issue for 2017, and indeed, for many years ahead. Its time for the USA to build, and its appropriate that the US will soon have a president who has a proven background in construction.
I could say more on what is unquestionably a massively important political victory, but for now... that will suffice.
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As for the equity markets....
US equities closed broadly higher, sp +23pts @ 2163 (intra range 2125/70) . The two leaders - Trans/R2K, settled higher by 0.8% and 3.1% respectively. VIX settled -23.3% @ 14.38. Near term outlook threatens a cooling wave to the 2135/25 zone, but broadly... the market looks very bullish into year end.
sp'daily5
VIX'daily3
Summary
It has indeed been a truly crazy 24 hours in the equity market.
Its highly notable that overnight futures - at the low, sp -107pts, which was equivalent to 2032, massively below the 200dma. Yet the cash market never came close to breaking last Friday's low of 2083 - which is now a secure mid term low.
Some cooling across the next few days seems probable, but broadly, we're headed higher... far... far. higher.
I've not even got around to highlighting the ongoing strength in Copper, which is a hugely important issue, but I'm tired, and I'll leave that for another day.
Goodnight from London.