“The day before Trump won in November of 2016, the market
made a huge move up.”
This pre-election rise was widely reported at the time by the MSM to reflect the market’s expectation that Hillary would win. Just before midnight as election results were coming in the Dow futures were down almost 900 points. Then, as a Trump victory became a real possibility, the futures began a huge turnaround. By the end of the next day, the Dow was up about 260 points and finished near all-time highs. I was watching the election coverage on CNBC, which simultaneously showed the Electoral College count and the Dow futures. It was a beautiful thing to watch.
I agree. Great...
If the market had wanted Hillary that bad, it would have
fallen off after Trump was elected. Instead it gained over
1,400 points by the end of the year.
I think it was scared to death Hillary was going to be elected
if you want to know the truth.
I was a bundle of ulcers and antacids until about 02:00 Wednesday morning.