Here’s What Carl Icahn Did After Trump’s Election

Here’s What Carl Icahn Did After Trump’s Election

Over the past several weeks, I've noted time and again how markets seem to be getting more efficient when it comes to shaking off geopolitical tail events. In other words, the time it takes to shoo away a political black swan seems to be diminishing with each passing shock. This can be clearly seen in the following set of charts from JPMorgan: Note that the bounce off the post-election, knee-jerk lows was actually a lot faster than 16 hours. Consider the following chart: So who bought at
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