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The Day After: Despite Fear Mongering, Dow Up 200 Points, 10 Year Treasury Yield Up Near 20 BPS

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

While this is the afternoon after (not the morning after) … Trump won the US Presidential election, the pre-election fears of huge stock market losses proved false.

In fact, at 2pm EST, the Dow Jones Industrial Average is up over 200 points. As is most of Europe.

eqtrump

10 year sovereign yields from Canada to Mexico and points south have risen 10 basis points of more (with Mexico rising 40 basis points).

10amer

And the US Treasury 10Y-2Y Yield Curve slope is up 15 basis points to 116 basis points.

ust10ddd

Much like Brexit, the fears of a financial collapse were greatly exaggerated.

mosefear

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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