S&P Sell Off And Rally After Trump

Observations:

In an effort to explain the massive whipsaw seen intraday in the US markets, research has led to the following according to Bloomberg:
As stock markets were plunging due to Trump’s victory, Billionaire investor Carl Icahn, placed positions to buy US$1 billion in US stocks. (Fig. 1)
Icahn probably has enough firepower to move the markets, intraday, leading those with short positions on the election to quickly be stopped out.
The market was probably expecting a rebound a few days later as seen with similar instances historically, yet this time it occurred much quicker. (Fig. 2)
This is quite significant as Icahn who is a Trump insider has certainly set the stage for that rally within hours post election.
Link to article

Fig. 1 – Icahn Interview with Bloomberg (Source: Bloomberg.com)

Fig. 2 – 2016-11-09 Trump Sell off and Icahn Reversal Intraday (Source: Interactive Brokers)

Best,
Michael

Before proceeding to the Mypfund.com website, please note the following terms and conditions.

Mypfund.com is an information sharing website with topics affecting the personal financial statement. With fund investments, we do not provide any personal investment advice. All information is strictly for information purposes only and does not contain any advice, suggestion or view in whatsoever form by Mypfund and its affiliates. Therefore no investment decision should be made upon the information or data mentioned in this website. Some information contained here is provided/sourced by information providers or it is being re-transmitted in the ordinary course of business to you for information and reference purposes only.

Mypfund endeavours to ensure the accuracy and reliability of the information provided but does not guarantee its accuracy or reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omission. Some of the information in this document may contain projections or other forward-looking statements regarding future events or future financial performance of countries, markets or companies. These statements are only predictions and actual events or results may differ significantly. Any opinion or estimate contained in this document is made on a general basis and is not to be relied on by the reader as advice. Mypfund reserves the right to make changes and corrections to its opinions expressed in this document at any time, without notice. Any unauthorised disclosure, use or dissemination, either whole or part, of this website is prohibited and this website or its parts are not to be reproduced, copied, made available to others without the written consent of Mypfund.

Investment involves risks and the values of investments may go up and down. Investment returns are not guaranteed. Past performance is not indicate of future performance. This material is intended for educational and sharing purposes using real live accounts and examples. It is not to persuade you into making specific investments. For funds, investors should read the relevant fund’s prospectus for further details including risk factor before making any investment decision. The contents of the website have not been review by the Hong Kong Securities and Futures Commission (SFC).

Your use of our website is governed by the Terms of Use in effect on the date this website is accessed by you.