Stocks, Dollar, Bond Yields Tumble As Early Election Results Hit

Update: This is what drove it we suspect:

*WEXTON WINS VIRGINIA HOUSE RACE, FIRST PICKUP FOR DEMOCRATS

Only 23 more to go…

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While it is hard to discern exactly what drove this sudden shift towards a ‘blue wave’-themed derisking in markets, Dow futures are down 100 points…

10Y yields are down 3bps…

and the dollar tumbled…

 

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