Original article by Jonathan Shapiro
The Australian Financial Review – Page: 33 : 11-Nov-16
Most public opinion polls had pointed to Hillary Clinton winning the US presidential election. Principal Global Investors’ Mark Farrington likens polling methods to the trading models used in financial market, noting that they both rely on historical predictions. In the case of Donald Trump’s election victory, and the Brexit vote earlier in 2016, traditional models did not reflect the forces that influenced voting trends. Meanwhile, Wall Street rallied and bond yields rose in response to Trump’s election victory.
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PRINCIPAL GLOBAL INVESTORS, UBS O’CONNOR LLC, UNITED STATES. FEDERAL RESERVE BOARD