Markets Say: Republicans by >6% in CA-25, Flynn Clemency Back On?
Newsworthy Movements
As results started to come in for the CA-25 runoff election, the markets quickly converged to an expectation of a >6% margin of victory for Republican Mike Garcia. At the start of the day, Garcia’s chances were priced at 64%.
In other news, traders reacted to news that the Flynn case may not be dropped. As a reminder, Flynn clemency becomes more likely if he’s actually convicted — the case being dropped means clemency would be unnecessary.
Top Intraday Movers Yesterday
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