The Day After

I wrote a post on ZeroHedge this morning ("Trump Victory") which included a number of reactions to Trump's astonishing victory last night. Trump became the first President to win in non-consecutive terms since Grover Cleveland, 127 years ago. Here, I'll confine myself to some market-related comments.

The Betting Markets

In a post here a couple of weeks ago, I wrote about betting on the election.

I mentioned that I had Trump to win at 44 cents on PredictIt, and a couple of bets on a new site, Kalshi:

Trump to win Wisconsin at 52%. Republicans to...