Editor's Note: Below is a brief excerpt from today's Early Look written by Hedgeye Director of Research Daryl Jones. Click here to learn more.
"... Going into last night’s brouhaha, the polls basically had the Presidential race at a statistical tie. In fact, at one point yesterday in fivethirtyeight.com’s now-cast simulator, which projects as if the election were held today, Trump was ahead of Clinton. At the moment in that same simulator, Clinton’s probability of winning sits at 52.1 and Trump’s is at 47.9.
How will last night’s debate alter the race?
No doubt, Hillary Clinton and Donald Trump dropped the gloves last night. The debate was much less about a discussion of policy, but rather personal attack after personal attack. As it relates to strictly grading the debate, it’s hard not to give Clinton the win as she was prepared, coherent, and largely stayed on point. As for The Donald, well, he was The Donald."