What will happen to financial markets after the election? More so than usual, we have a decent idea.
That’s because there has been a clear and identifiable swing in a variety of asset prices — especially the stock market and currencies — at inflection points in the presidential race. A stock market rally on Monday is the latest evidence. The more than 2 percent gain in the Standard & Poor’s 500 appears to be linked to the announcement on Sunday by James Comey, the F.B.I. director, that an examination of newly discovered Hillary Clinton’s emails revealed nothing warrantingcharges.
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