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Futures Explode Higher As Odds Of Reflation Trade, Contested Election Collapse

From zerohedge.com

It was supposed to be a Blue Wave... and if not a Blue Wave then at least a landslide victory for Joe Biden over Donald Trump. Well, not only is that not likely to happen, but suddenly it seems that Trump may be a decisive winner and not need Pennsylvania, with Betfair odds now 70% in his favor. So what does that mean for a market that had almost entirely priced in a Biden/Blue Wave victory? Well, as we noted on Oct 31, when we pointed out the collapse in Nasdaq shorts, we said that a surge in the Nasdaq was imminent as the so-called dumb money reversed. {tweet} Fast forward to today, when this expected short squeeze ... (full story)

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  • Category: Fundamental Analysis