The market is in denial about Trump's chances
It's really, really close right now. If Hillary Clinton is President-elect tomorrow, it might come with controversy. And it certainly won't be any kind of landslide. That alone points to trouble and turmoil in markets.
In short, risk trades could fall a long ways from here. We'll roll with the numbers as they come in but Virginia should be very, very concerning for Democrats.
I'm not sure MXN is the trade because it's down 5% but USD/JPY can still tumble from here. S&P 500 futures down 32 points is the tip of the iceberg.