Wall Street Sure Is Happy That Hillary Clinton Lost

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Great news from the Wall Street Journal!

Sectors Go Wild: S&P 500 Correlations Crumble

Financial sector makes pronounced gain as investors bet on lighter regulations under Trump administration

Among the sharpest collapses is the link between financial stocks in the S&P 500 and the broader gauge….Shares of banks, asset managers and insurance companies as a group have jumped 11% since election day as investors bet on lighter regulation for the sector under the Trump administration. The financial sector’s performance trounced other groups, such as utilities and consumer staples, each of which are down more than 3%.

I had heard that Hillary Clinton was a Wall Street shill and neolib corporate sellout beloved by all the big banks. But I guess not. The Wall Street boys sure seem to be pretty happy she lost.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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