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Alternative Market Briefing

Some predictions proven right, some yet to

Wednesday, November 09, 2016

amb
Donald Trump
Benedicte Gravrand, Opalesque Geneva:

On Tuesday, Bridgewater Associates sent out a note to its clients with predictions on the market according to who should be elected president of the United States.

The $150bn hedge fund firm foresaw a sharp one-day drop of the Dow Jones Industrial Average should Donald Trump be elected. The index is currently up 0.40% - after having slid down earlier and recoverd – and Dow Jones mini Futures are down 1.78%.  Meanwhile, the S&P 500 index is up 0.38%, and S&P 500 mini Futures are down 1.96%.

The note, written by the firm's co-chief investment officers Greg Jensen, Jason Rotenberg and Jeff Amato, also predicted other equity markets would plummet, including Europe, Japan and China, reported Business Insider.

The FTSE 100 index is down 0.32% since yesterday, recovering from a sharp slide. The Dax is down 0.95%. The CAC 40 is down 1.35......................

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