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07Nov2016 Market Close: FBI Closes Email Case, Markets Soar, Look For Correction Tomorrow And I Wouldn't Bet On Wednesday's Market

Written by Gary

US market indexes traded higher all session with an upward spike during the last few minutes of today's session pushing the indexes above two percentage points. Gold fell -1.8%, Crude Price rose +2.0% and the US dollar traded sideways during the afternoon session.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

Wall Street soars as investors bet on Clinton win

NEW YORK (Reuters) - Wall Street surged on the eve of the U.S. presidential election, with Democratic nominee Hillary Clinton's prospects brightening after the FBI said it would not press criminal charges against her over the use of a private email server.

U.S. banks gird for Brexit-style tumult following Tuesday election

(Reuters) - U.S. banks, including Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs Group Inc, are bracing for potential tumult on financial markets in the wake of Tuesday's U.S. election.

Russia signs decree to sell 19.5 percent Rosneft stake

MOSCOW (Reuters) - Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft in time for the proceeds to be received by the end of the year.

Facebook partners with news outlets for Election Day live video blitz

NEW YORK (Reuters) - Facebook said on Monday it would partner with 50 broadcast stations, print and online publications for an Election Day live video blitz, as the social media company aims to build on the momentum of its popular Facebook Live video streaming service.

U.S. proposes awarding new direct China flight to American Airlines

WASHINGTON (Reuters) - The U.S. Transportation Department on Monday said it was proposing to award American Airlines Group Inc a new daily scheduled nonstop flight between Los Angeles and Beijing.

Wal-Mart Pay in talks with several mobile wallet companies

CHICAGO (Reuters) - Wal-Mart Stores Inc is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an executive at the world's largest retailer said, after signing up JPMorgan Chase & Co last week.

NBCUniversal in deal to sell ads for Apple News

(Reuters) - Comcast Corp's NBCUniversal will begin selling ads for Apple Inc's News app next year in an exclusive deal, the companies announced on Monday.

Oil rises on Clinton election optimism but dollar, OPEC doubts weigh

NEW YORK (Reuters) - Oil prices settled more than 1 percent higher on Monday, supported by news that U.S. Democratic presidential candidate Hillary Clinton will not face charges over her emails.

Dollar strengthens as election seen swinging toward Clinton

NEW YORK (Reuters) - The dollar rose on Monday after the FBI decided that U.S. Democratic presidential nominee Hillary Clinton will not face criminal charges, which was seen as a boost to her chances of winning Tuesday's contest with Republican rival Donald Trump.

One Frustrated Millennial Explains "How I Went From Voting For Obama In '08 To Trump In '16"

Authored by Brian, 27, Freehold, NJ; via 710wor.iheart.com,

I truly believe this election is not about Republicans versus Democrats. This is an election for change, for someone who wants to reduce taxes and the power of government, versus someone who wants to strengthen its strangle hold of debt on the American people.

A true career Washington insider versus the ultimate unscripted, unpolished outsider. Someone who has enriched themselves with a career in business versus a politician who is now worth over 250 million and runs a foundation who took foreign donations from countries that violate human rights for favors while acting as Secretary of state.

I am not a journalist.

I am an ordinary US citizen concerned with the direction of our country. I come from a hard-working middle class family, people who believe the American dream is possible.

I was born in Staten Island, NY, but grew up in a small town with my father and sister in New Jersey. Being a single parent, my father struggled but always put his children first.

They say it takes a village to raise a child and it did. In addition to my father, family and friends played a huge role in instilling the values I hold true today. Hard work, honesty and always looking out for others have molded me into the man I am today.

In 2008 I was a sophomore at Towson University. I had no health insurance because my father had lost his job.

I was swept away by Obama's promises of health insurance, breaks for college students, and capitalizing on the mishaps leading to the Iraq war. His ability to speak and bring about such enthusiasm lead to me casting my absentee ballot for him.

I can remembe ...

Artist's Impression Of Decision 2016

How can you vote for ...?

Source: Townhall.com

Ron Paul: Regardless Of How America Votes, Americans Want A Different Foreign Policy

Submitted by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

I have said throughout this presidential campaign that it doesn't matter much which candidate wins. Both Donald Trump and Hillary Clinton are authoritarians and neither can be expected to roll back the leviathan state that destroys our civil liberties at home while destroying our economy and security with endless wars overseas. Candidates do not matter all that much, despite what the media would have us believe. Ideas do matter, however. And regardless of which of these candidates is elected, the battle of ideas now becomes critical.

The day after the election is our time to really focus our efforts on making the case for a peaceful foreign policy and the prosperity it will bring. While we may not have much to cheer in Tuesday's successful candidate, we have learned a good deal about the state of the nation from the campaigns. From the surprising success of the insurgent Bernie Sanders to a Donald Trump campaign that broke all the mainstream Republican Party rules - and may have broken the Republican Party itself - what we now understand more clearly than ever is that the American people are fed up with politics as usual. And more importantly they are fed up with the same tired old policies.

Last month a fascinating poll was conducted by the Center for the National Interest and the Charles Koch Institute. A broad ranging 1,000 Americans were asked a series of questions about US foreign policy and the 15 year "war on terror." You might think that after a decade and a half, trillions of dollars, and thousands of lives lost, Americans might take a more positive view of this massive effort to "rid the worl ...

"Burn This Email After You Read It" - Memo To Podesta Says To "Leave No Fingerprints"

A few weeks back we were among the first report on Hillary's wall street speeches leaked by WikiLeaks. Within those speeches, Hillary's comments regarding the need for both a "public and private" position on policy issues drew a lot of attention from voters.

But, with the latest WikiLeaks dump this morning came a new revelation that Hillary isn't the only one who struggles with balancing a "public and private" position. Apparently John Podesta has also struggled with the very same balancing act. The latest example came from an email regarding the Washington Center for Equitable Growth (WCEG) which Podesta founded as an arm of his liberal/progressive "advocacy group," The Center for American Progress.

JP

Per their website, the goal of the Washington Center for Equitable Growth, is to develop "independent" research with academics from around the country, with an emphasis on income inequality in the United States.

Over the past 40 years, economic inequality in the United States has returned to levels last seen in the 1920s. Today, the United States is in the top quarter of the world's most unequal countries. Economic mobility—a child's likelihood of occupying a different position on the income ladder than his or her parents did—has fallen well behind Canada, Great Britain, and other advanced economies. A ...

These U.S. Companies to Benefit Whoever WinsTuesday

Rare bipartisan common ground on corporate tax reform could benefit some big U.S. companies after the election.

U.S. Election: Bonds Face Pain No Matter Who Wins

Bonds caught a pre-election boost last week. But the forces arrayed against bond investors still look impressive.

Hedge Funds Wrong-Footed on Bond Bets

Computer-driven hedge funds' big bets on bonds are coming back to bite them. The $277 billion sector, which has been bulk buying government bonds, has taken a battering as yields have spiked.

The Tell: How the stock market performs on, and after, Election Day

Stocks have a tendency to decline once the votes are counted, say researchers at Bespoke.

Bond Report: Treasury yields rise after Comey says FBI won't pursue charges against Clinton

Treasury prices fall Monday, pushing yields higher, after the Federal Bureau of Investigation spurred a risk-on rally by telling Congress it wouldn't pursue charges against Democratic presidential nominee Hillary Clinton.

Here's how much money Kim Kardashian is losing by staying off social media

The reality TV star is staying off Instagram and Twitter after she was robbed, but may still come out ahead.

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To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

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