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Jack Raines & Nia Warfield

Snacks Mix: Markets react to Trump’s win, betting vs. polling, housing golden handcuffs

Nia Warfield and Jack Raines run through this week’s market maze, with market reactions to the presidential election, commentary on prediction markets vs. polls, and thoughts on the increasingly unaffordable housing market.

  • The story that everyone is talking about: the US presidential election. Markets were chaotic on Wednesday in the wake of Donald Trump’s victory, and markets editor Luke Kawa joined us to discuss the biggest moves he was watching.

  • The story everyone should be talking about: polls vs. prediction markets. Prediction-market sites like Kalshi and Polymarket took a victory lap after they had projected a Trump lead weeks in advance.

  • The story that everyone will be talking about: housing. Despite interest rates going up, home prices have stayed near peak levels, pushing the average age of new homebuyers to the highest point ever.

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Sherwood Media’s Snacks podcast is for informational purposes only, and is not a recommendation, solicitation, or research report relating to any investment strategy, security, or digital asset.

Views presented on this podcast are those of the speakers (hosts and guests). There is no guarantee that any statements or opinions provided herein will prove to be correct. The speakers’ opinions belong to them and may differ from opinions of Sherwood Media and its affiliates.

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However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

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