So far, forecasts of the equity marketâ??s unraveling are looking about as accurate as the voter surveys after Donald Trumpâ??s presidential win.
While stocks buckled and plunged as ballots were being counted, theyâ??ve since bounced back sharply and are behaving nothing like what was predicted in nightmare scenarios that flew around Wall Street in the weeks before the vote. Rather than tumble 10 percent as was forecast by everyone from Barclays Plc to the Brookings Institution, the S&P 500 Index rallied.
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