"Cross your fingers and bungee jump..."
BBG: Nov. 3, 2016
Wealthy Asian, European Investors Bet On Clinton
"One firm says more than 80 percent of its customers’ dollars are wagering on Hillary Clinton."
Why Wall Street is out of position:
"The 2016 election has confounded pundits, upended precedent and now it’s spurring unusual patterns in the U.S. equity market"
"The S&P 500 Index has advanced in the five days before the vote in 20 of the past 22 cycles...While the gauge has climbed an average 1.9 percent in the run-up to elections going back to 1928, it’s down 1.8 percent since Monday
"No need to hedge"
Index put/call ratio:
They can't hedge now, it's too expensive. The EXACT same mistake was made during Brexit.
"A tightening race has sent the S&P 500 down eight straight days, the longest slump since 2008, and pushed the CBOE Volatility Index to its lengthiest streak of gains on record."
VIX with UVXY ETF volume:
Speaking of wealthy gamblers imploding...
Wynn Casinos:
"I swear I've seen this before, no idea when..."
