🇺🇸 🇯🇵 🏦 From Nomura Charlie McElligott:
Markets have largely priced in a Trump victory and Wall Street seems to be eyeing a full Republican sweep next week.
In the event of a Harris victory and a gridlocked congress, traders are positioned "Risk Reversal" across asset classes sending bonds higher while sending interest rates, deregulation themes such as bank stocks ($XLF), gold, and bitcoin lower.
In the unlikely event of a full Democratic sweep of both the Senate, the House, and the Presidency, serious acute downside risks for the broader stock market is likely given negative growth implications of re-regulation and corporate tax hikes impact on earnings, especially after markets have already rallied considerably into the election on expectations of tax cuts.
🗒 In simple terms, if Harris wins but congress is R or split, bonds ($TLT) should rally while bank stocks ($XLF) gold, and bitcoin will likely see downside while the broader market ($SPY) will likely still rally into the end of the year
❗️ However, if Democrats sweep all of congress and the presidency, expect a potential -7% to -10% in the broader market ($SPY) over 1 to 3 months after the election
Overall, market participants are "over-hedged" given recent volatility over the past three months. In the absence of a Democratic sweep, hedge funds are going to FOMO into higher net exposure through to the year's end to make up for the cost of current downside hedging and underexposure.
@CIG_Telegram
Paper
The reportedly Jewish Transgender shooter is all of a sudden a "Young White Male," and therefore we need to disarm ALL YOUNG WHITE MEN, according to lesbo-looking Fox News commentator Trey Gowdy.
The talking points have been dispensed, and they are quickly trying to spin this hate crime against Christian Whites to be a 2A and “antisemitism” issue.
Don’t let them get away with this.
🇺🇸 Texas Republican Congressional candidate Valentina Gomez is going viral after releasing her new campaign ad of her lighting the Islamic Quran on fire, saying Islam must be stopped "once and for all."
"Muslims can f*** off to any of the 57 Muslim nations."
"I will end Islam in Texas, so help me God," Gomez said, running for TX-31
Follow us -> LiveLeak