In a turnaround almost identical to the UK Brexit vote, the US confounded all the pollsters by electing billionaire Donald Trump as the 45th President of the USA. And just like Brexit, initial share market reaction was very negative as the probability of a Trump win increased during vote counting in Australian trading hours. At one stage the Australian ASX/S&P200 was down 4%, but clawed back performance to close down 1.9% on November 9. The Mexican peso was as good an indicator of any chance of Trump winning, falling as much as 11% versus the USD.