Global Markets Panic at Prospect of President Trump
Head for the mattresses. The peso, which has been deeply volatile since the rise of Donald Trump, dived 13 percent to a new record low. Meanwhile, S&P 500 futures are forecasting an immediate 2.7 percent drop when markets open today, after the index briefly hit its “limit down” level — one it can’t fall below until trading resumes. Investors are fleeing for safe havens on indications that, if accurate, could see the biggest one-day drop since the U.K.’s Brexit vote wiped trillions off global markets in June.