Around 5 minutes to the open of US stock market and we'll get to find out the market reaction to the Trump/Clinton debate
If futures are anything to go by, the S&P is largely flat and the Dow is showing a small 23 tick loss.
It sounds like someone is trying to talk their book before the bell as Goldman Sachs's Hatzius is popping up on the wires with some comments. The most notable is that he says a Trump win may yield bigger fiscal stimulus. Make of that what you will.
I've been replaying the debate last night as I didn't watch it live. Conclusions.
Trump stuck to his Mexican and China bashing, didn't really lay out any detailed plans. Went too school boy in arguing points
Clinton needs to bring her chin down a bit as she's giving the impression of looking down her nose. Was more accomplished in detailing what she wants to do.
Overall, I wouldn't trust either as far as I could throw them, as I wouldn't many politicians. It didn't kick right off but it did turn into a spat. That might make good tv but it does neither candidate any good.
Fortunately it's a mess for the yanks to deal with so that's about the limit of my analysis, especially when you've got people like Boris Johnson knocking around your halls of power.
Market wise, I would think that neither made a clear cut case to be bullish about them and what they could do for the economy but I would slightly lean towards Clinton for at least trying to put out her thoughts with a bit more tact than Trump.
