Wednesday, November 7, 2018

WEDNESDAY 11/7/18; US Mid-Term Elections Aftermath; Democrats Take House; Republicans Hold Senate; US Dollar Index Slips Below 96; VIX Drops to 16-Handle; European Stocks Rally; CAC (France) +1.2%; FTSE (UK) +1.1%; MIB (Italy) +1.4%; IBEX (Spain) +2%; FOXA; COTY; DF; DISH; GRPN; HUM; ROK; SO; SMG; 2-Day FOMC Meeting Begins; WTIC Oil Prints 61-Handle; 30-Year Bond Auction; US Stock Market Explodes Higher in Post-Election Melt-Up Rally; SPX +2.1%; INDU +2.1%; COMPQ +2.6%; NDX Catapults +3.1%; RUT +1.666%; XLK +2.9%; XLV +2.9%; XLY +2.7%; TRAN +2.3%; IBB +2.3%; AAPL +3%; AMZN +6.9%; NFLX +5.4%; GOOGL +3.6%; Attorney General Sessions Resigns; Pot Stocks Rally; QCOM; MCHP; MRO; MUR; ALB; TIVO; CLNE; DDS; FOSL; IAC; LBTYA; GDOT; NUS; PRU; ROKU; SNCR; TRIP; WYNN

Euro 1.1457. The US dollar index slips away lower towards a 95-handle so the euro runs higher. Dollar/yen 113.08. Pound 1.3132. Philippine peso 52.965. Indonesian rupiah 14804. Aussie dollar 0.7249. Korean won 1120. Indian rupee 73.004. Dollar/yuan 6.9194.

The US election results are 

[Blog text is redacted. Purchase the Daily Chronology of Global Markets and World Economics 2018-11 that explains the stock, bond and currency moves occurring due to the elections, Fed speak and Jobs Reports. The October 2018-10 publication explains the stock market crash as it occurs in real-time.]

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