The Post-Trump Market Rally

Florida was falling. So were all of the battleground states. The so-called firewalls in Wisconsin and Virginia, too, were up in flames. It was a catastrophic failure of the Democratic machine – a blistering surprise delivered by a surge of Trump voters that lifted him from the depths of what had been believed to be almost certain defeat into a resurgent, euphoric victory. Few had expected it (disclaimer: including me) – and certainly not the financial markets. According to analysts, they’d priced in a Clinton win long ago. But when…