Trump's election has triggered a colossal short-covering rally on 400% of average volume, featuring all of the sectors that were being shorted as part of the "Hillary trade" e.g. Biotech. And of course volatility is getting crushed because that was going to happen regardless of who got elected...
Overnight futures tell the tale:
"Buy now, just like Brexit - who cares if we were wrong about the election outcome...It's end of the year and it's not our money anyways..."
Buying intensity:
Inverse TRIN
Yield is getting monkey hammered
Treasuries
Muni bonds
Real Estate (REITS)
It's called the law of unintended implosion
Emerging Markets getting hammered:
Anything bought by humans e.g. Tech, not impressed:
Could last a few more hours, or just stall at the exact same level as the last time buying was this lopsided:
