The news is all over the place regarding how the election results is negative for the market & economy. In reality its the heavy weighting to the crony capitalism plays (GULF) and the oddly expensive DELTA falling that have pulled the market down thereby resulting in fear/margin calls for every other play.

I do wonder why crony capitalism is considered a good thing?

Look at the worst performers over 12 months – time for a turnaround in commodity plays? I think so…next 6 months will be interesting.

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