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FinancialSpreads’ Adam Jepsen surprised markets ignoring possible Trump win

Tuesday, November 1, 2016 8:33
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Adam Jepsen, Founder of FinancialSpreads tells Proactive: ”When news broke on Friday that the FBI were reopening their investigation into Hillary Clinton’s emails, there was a quick spike down in a couple of the US markets – the Dow Jones, the S&P, the dollar saw a bit of a sell-off, but the markets reacted very quickly and by Monday morning they were trading back at the levels they were trading at on Thursday”.

”Over the last week or two you can see the hedge funds, they’re coming out of the Dow and they’re reducing their positions on the S&P 500 but they’re still long. If you look at where the big money is, the big speculators,  they are still long – I’d expect it to be a bit more flat”, Jepsen added.

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