From CNBC on November 3:
This is what could happen to the stock market if Donald Trump wins
Wall Street's long-running view that Hillary Clinton would easily become the next president has been replaced by a new fear that Donald Trump could win, and it probably won't be a pretty picture for stocks if he does.
Bond yields have moved lower and so have stocks, as the markets have begun to react to the possibility of a Trump victory in the last several days. On Thursday, the S&P 500 was up slightly, after falling 13 points Wednesday, to close at the key support level of 2,097.
The work of two economics professors may provide a glimpse of how the stock market might react if Donald Trump were elected. They studied the predictions market, including PredictIt.org and the reaction in the financial markets to events around the election. One of the economists says their findings point to a sharp immediate sell-off if Trump wins and a slight rally if Clinton wins. The amount of the rally or sell-off depends on the predicted outcome.
"If we were to go in 70/30 [for Clinton], and we think the market is 10 percent higher under Clinton than Trump, if Clinton wins it should be up about 3 percent and if Trump wins, it should go down 7 percent," said Eric Zitzewitz, economics professor at Dartmouth College. He and Justin Wolfers of the University of Michigan studied the market effect of the first debate in a Brookings paper. Clinton's odds in the prediction markets had been closer to 80 percent, and at that level, a Trump victory would have triggered an 8 to 10 percent sell-off, he said.Fake News.
Yes they lied. Of course they lied. They are paid to lie. CNBC is a subsidiary (pawn) of Comcast whose officials made contributions (paid bribes) to the Clinton Foundation and Hillary's campaign.