Trump Wins

Last week the world watched as the US held its presidential elections. For months, the news media and political analysts (as well as the polls) indicated that Hillary Clinton would easily defeat Donald Trump. Last Tuesday conventional wisdom turned on its head when Donald Trump topped Hillary Clinton in the Electoral College to become the president-elect of the US. Needless to say, as the election unfolded on Tuesday night global financial markets did not bear the surprise well sending equity futures down over 800 points; however, by the time the US market opened, global markets had steadied and ended the day on the upside. The Trump victory, as well as the upcoming OPEC meeting, will have significant and important continuing impact on the energy markets.

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