The U.S. dollar continues to move up. The Dollar Spot Index (DXY) has climbed 3.2% since November 4 to 100.16 as of noon today, November 15. That puts the index, which tracks the U.S. dollar against a basket of currencies from significant trading partners, knocking on the door of resistance at 100. (The 52-week high for the index is 100.51.)
The problem with trying to put together a comprehensive guide to the likely investment impacts of a Trump administration on the fly in the day after the election is that you inevitably leave stuff out. This being the Internet, however, it’s easy to add on to that post. Here are the six points that I forget to make yesterday. I’m posting them here separately and also folding them into last night’s post so that guide will be in not complete at least completer. The six items are China, Rudy Giuliani, Oil, Russia, Tax repatriation, and War.
As of 3:50 p.m. New York time–a little more than 3 hours before voting places close in bellwether states New Hampshire and Florida–the Standard & Poor’s 500 stock index was ahead 0.49% and the NASDAQ Composite index was up 0.78%. In other words, U.S. stock traders and investors are looking for a Hillary Clinton victory as the polls now indicate but they’re not willing to rule out the possibility of a Brexit-style surprise. In that June 25 vote, the “stay in the European Union” position had been winning in the polls but the actual vote gave the victory to the “leave the European Union” side.
