Trump Victory Might Not Be Market Atom Bomb Analysts Expected

With yesterday's Trump victory, the political atomic bomb has exploded. “Polls, political prognosticators, and investors all underestimated the magnitude of dissatisfaction of the US electorate,” a Goldman Sachs report noted, stating the obvious in the wake of the election of Donald Trump. In fact, just like the Brexit vote – when establishment analysis missed the underlying anger at a status quo – the Trump anger generally surprised media pundits, Wall Street analysts and establishment political leaders.

Wall Street’s reaction to the surprise victory is decidedly mixed if slightly focused on the downside.

Morgan Stanley's herd-master Adam Parker says don't buy Trump victory sell-off, Carl Icahn ignores advice

The overwhelming consensus before the election...