Worth remembering that the FTSE (UK stock index) crashed briefly after Brexit, and is now up.<p>The markets priced in a Clinton win, and now that isn't happening. What we're seeing is uncertainty and volatility getting priced into the market, not any referendum on Trump. We'll see what happens in a week.
I think this is an emotional reaction, I have 60k of liquid cash ready to invest tomorrow, where would be the best place to put it? My first thought is a leveraged ETF... which I think for a short term trade is okay, but the leveraged nature might magnify my losses more than I can tolerate if I'm wrong. What are you guys looking at?
I've posted this elsewhere but about a year ago I was invited to a private wealth management (PWM) round table luncheon with a bunch of the principals from UBS PWM.<p>I asked them what they thought would happen if Trump was elected and they said that because of his unpredictability, the markets would likely take a huge hit. They went further, and said that when they spoke with leaders in politics and business in other countries around the world, those leaders indicated their biggest fears were if Trump won and they would have to reevaluate their strategies with the US.<p>Interesting times.