Iowa caucus 2016: The results of the 2016 Iowa caucus were announced today, and Money Morning Chief Investment Strategist Keith Fitz-Gerald spoke to readers about the election’s impact on the stock market.
But first, here are the results of the 2016 Iowa caucus…
Republican presidential candidate Ted Cruz finished first in the Republican Iowa caucus with a 28% lead. Cruz beat billionaire Donald Trump – who came in second – by about 4%.
Marco Rubio came in third place, trailing Trump by only 1%. Rubio’s standing was a significant victory for establishment Republicans, who had failed to gain traction for much of the election 2016 race. In terms of delegates, Rubio actually tied with Trump, as both received 7 delegates in total.
Former Arkansas Gov. Mike Huckabee, who won the Iowa caucus in 2008, suspended his campaign after getting less than 2% of the vote.
Democratic candidate Hillary Clinton won among Democrats with a series of tie-breaking coin tosses over Sen. Bernie Sanders. In at least six precincts, county delegates were chosen by a coin toss, which is a standard procedure in Iowa’s Democratic caucus guide for settling a tie. Despite 1-in-64 odds, Clinton won all six precincts.
Former Maryland Gov. Martin O’Malley suspended his campaign after receiving less than 1% of the vote.
According to Fitz-Gerald, the results of the 2016 Iowa Caucus will impact different sectors of the markets differently.
He made his regular appearance on FOX Business‘ “Varney & Co.” on Monday and explained exactly what a win from each candidate would mean for the markets…
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.