US Elections: As close as it gets – BBH

Research Team at BBH, notes that the FBI announced over the weekend that its conclusions on Clinton’s emails remain unchanged. 

Key Quotes

“Clinton's support was already stabilizing in the tracking polls.  Trump has been unable to widen his base, it appears.  And now Comey's letter lifts part of one cloud that has been dogging Clinton.  The Nikkei and DAX gapped lower on Friday, and both could gap higher today.  The dollar is obviously bid.  The Mexican peso was the strongest currency last week while Fed funds futures were unchanged.  These two markets suggest that the Trump bounce was being exaggerated by the focus on equities.

The near-term outlook for the capital markets will be driven by the results of the US election on November 8.  The narrowing of the polls for the presidential contest reverberated through the markets last week.  Equities continued the sell-off that began in two weeks ago.  The S&P 500 failed to hold on to early gains before the weekend, and its sell-off extended for nine consecutive sessions, something not seen since Carter was President.”