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Hedges Hold as Global Markets Need Six Hours to Process Panic

  • The S&P 500 goes from limit down to rising in early trading
  • Goldman Sachs strategist leaves his year-end estimate alone
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How Did Investors Hedge Ahead of the Election?

Guess what? You missed the dip.

Global equity markets were in full rebound mode Wednesday morning, rapidly retracing losses that overnight turned violent enough to trigger trading curbs on the Chicago Mercantile Exchange. The Dow Jones Industrial Average climbed and an index of investor fear that became the focus of would-be hedgers went into free fall early Wednesday.