RIFTRATE Get the gauge
Election · 1 July 2018

Mexico elects Andrés Manuel López Obrador

López Obrador wins Mexico’s presidential election by a wide margin. Riftrate read 25 the day before and 32 at its highest within 14 days.

ShareXLinkedInWhatsAppBluesky
Riftrate the day before25Easing
Within 14 days32 ▲ +7.2Easing
CategoryElectionElections
CountryMexico
Markets around the event · cumulative change, 10 sessions before to 20 after · shaded: normal range of Mexican peso
-10.0%-5.0%0+5.0%normal rangeevent-10 sessionsday of+20 sessions
Mexican pesoBrent oilSwiss francUS dollar
MarketNext sessionAfter 5 sessionsAfter 20 sessionsHow unusual
Mexican peso-2.6%+2.5%+6.0%bigger than 85% of 5-day moves
Brent oil-0.9%-3.2%-3.4%bigger than 52% of 5-day moves
US 10-year yield+0.02 pt+0.01 pt+0.13 ptbigger than 5% of 5-day moves
US dollar+0.8%-0.5%-0.6%bigger than 57% of 5-day moves
Swiss franc-0.2%+0.0%+0.4%bigger than 1% of 5-day moves
Japanese yen-0.0%-0.1%-0.2%bigger than 3% of 5-day moves

Correlation or cause? A market that moves on the day of an event is not proof that the event moved it. “How unusual” compares the move with every 5-day move of the previous three years: above 95%, the move stands out from normal noise. Read it with the news of the day, and see how to tell correlation from causation. Not investment advice.

Riftrate · 60 days before and after
0255075100JunJulAugMexico elects Andrés Manuel López Obrador, 1 July 2018

Source for the event: en.wikipedia.org. Market data: FRED, Federal Reserve Bank of St. Louis.

More: elections

The full library