If you recall the oddsmakers — Vegas and elsewhere were expecting hillary to win with 80 percent probability. I credit trump with gains starting the day after the election to now although the sitting president always gets credit for the good and bad on their watch.
The surprise election of trump has helped the market rally. I said this would happen but many thought wall street wanted the establishment candidate and would crash if hillary were not elected which never made sense to me. Trump will unshackle the economy.
“The surprise election of trump has helped the market rally.”
I doubt that many of the really large investors were surprised by Trump’s victory.
The futures market on election night was very interesting to watch. Before Trump won Florida, North Carolina, and Pennsylvania, the Dow futures were down 700 points. After he won those three, the futures started to turn around. When the Midwest and North Central states looked like they were in play, the futures turned positive. The day after the election, the Dow was up 600 points. That’s a 1300 point turnaround in about 16 hours.