GS: Don't Fret Over Election Uncertainty, VIX Typically Moves Higher… And Clinton Will Win
The stock market is lower yet again. There are numerous standard excuses for why the S&P 500 dropped from 2139 at 1 PM on Friday to trade near 2099 today, with election uncertainty at the top of the list. Yes, chalk up that recent slight dent in performance to concerns over a once predictable Presidential election potentially coming unhinged. This consternation occurs amid an election season that from the Democratic and Republican primary to the general election featured charges of corruption and system “rigging.” It is in this environment that a noted Goldman Sachs volatility analyst weighs in on that uncertain...
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