Yes,the Senate has certainly become a much closer race than before.
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Imagine being Donald Drumpf and seeing share markets collapse at the fear that he may be in charge of things
If he was aware of that I would feel more confident, but I don't think he would. What we can be sure of is that Putin would be comfortable with a useful idiot in the White house.
I bet he loves being called The Don. Maybe he might wake up with a horses head, not sure what the Russians are into, can't be nice though.
The US election is certainly a market mover right now. But IMO the more significant medium term driver of the NZX is the potential for foreign investors to cash up their NZX holding. Foreign NZX holdings have increased from 25% to 50% over the past few years. This is huge. If a significant portion of this recent increase in foreign holding is liquidated, it could be a significant cause for market weakness. A big sharp drop if they all run for the door at once, or a prolonged downtrend if foreign holdings are sold on rallies. But if foreign investors continue to see value in the NZX and don't cash up their investments, the US election will quickly become an historical effect, just like the Brexit vote. And "normal programming will resume shortly"
Big week this week, possible market crash under the right scenario - dow fallen back into 2yr sideways channel with the bottom at 15370. normally a failed breakout retests the lows of the channel? normally
21/8/2015 17568-15370, 2 weeks, 2198 , 12.5%
8/1/2016 17405-15370. 3 weeks, 2035 , 11.7%
now 17888 - 15370 , 2-3 weeks, 2518, 14.07% ???????
very dangerous period we are entering
And Ironically ,that would suit ISIS as well (It plays right in to their strategy of separating all Muslims from rest of humanity) They would like nothing better than for the vast majority of peaceful Islamist's to get such a hard time that they all come over to ISIS in frustration.--