Flashback October 2016. Politico reports:
Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House.Is Justin Wolfers just not that good of an economist? You probably wouldn't want to get short S&P500 futures based on what Justin Wolfers has to say...
New research out on Friday suggests that financial markets strongly prefer a Hillary Clinton presidency and could react with panicked selling should Trump defy the polls and deliver a shocking upset on Nov. 8.
“Wall Street clearly prefers a Clinton win certainly from the prospective of equity prices,” said Dartmouth College’s Eric Zitzewitz, one of the authors of the new study along with the University of Michigan’s Justin Wolfers. “You saw Clinton win the first debate and her odds jumped and stocks moved right along with it. Should Trump somehow manage to win you could see major Brexit-style selling.”
