Illegitimate Stock Markets Back Hillary

STAFF NEWS & ANALYSIS

Illegitimate Stock Markets Back Hillary

By Daily Bell Staff – November 01, 2016

The Stock Market Has a Favorite in the Election  … On the evening of Sept. 26, two interesting things happened. First, Hillary Clinton won a decisive debate victory over Donald Trump in the first presidential debate, as judged by prediction markets (and later, by polls). Second, financial markets abruptly experienced large, abnormal swings.  Economists Justin Wolfers and Eric Zitzewitz have documented this extraordinary convergence in a new paper, titled “What do financial markets think of the 2016 election?” – Bloomberg

This Bloomberg article actually questions conclusions regarding stock market support for Hillary, but adds: “So Wolfers and Zitzewitz make a strong case.”

Indeed the study has attracted a lot of attention, though one of the reasons is obviously because it is a pro-Hillary study and apt to be picked

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