- Regardless of election calls tonight -- Donald Trump is reported to have 265 of a needed 270 electoral votes, to Hillary Clinton's 218 -- Clinton campaign chair John Podesta works to send her rally home, saying Clinton won't concede any election tonight: "We're not gonna have anything more to say tonight," Podesta says, adding "she is not done yet."
- There are still several states counting, he says -- though Trump is quite close to the needed count.
- Meanwhile, Jefferies Group looks ahead to the almost certain Trump presidency and says the most underrated theme is "the slashing of the corporate tax rate and the end of gridlock."
- It means a knee-jerk drop in the dollar, the firm says -- the euro's now up 1.6% against the greenback, which is off 2.7% against yen -- and a fall in indexes. But dollar weakness will help much of the S&P 500, it says, considering the 35-40% of revenues that come from overseas.
- "Sentiment toward the healthcare sector ought to swing initially away from draconian fears over drug pricing," the report from Sean Darby and team says. They're also "modestly bullish" on transports, with better growth prospects.
- The main risk, Jefferies says, is "monetary policy uncertainty and unwinding tight credit spreads."
- Healthcare ETFs: XBI, IBB. Transport ETFs: IYT, XTN, FTXR
- Broad market ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, TALL.
- #Election2016
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