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Markets don't really care who the president is

And even if they do, they can change their minds - and we still lack a method for predicting that.

The stock market is a complex adaptive system where trying to understand how one event will impact the outcomes is often useless. Forecasting the future of any single event or variable is difficult.

A FEW weeks before the US presidential election, two economists set out to quantify the impact that the winner would have on the stock market. Justin Wolfers and Eric Zitzewitz looked at the market's reaction to the presidential debates to determine what would happen if Donald Trump were to beat...