The stock market is a lot more intuitive than folks give it
credit for.
The day before Trump won in November of 2016, the market
made a huge move up.
It had read in a Trump victory.
Proof of that is what took place from then until the first of the year 2017. The market kept going up.
I’m not sure that’s right. Stock market futures were in a free-fall late on Election Night as it became more obvious that Trump was going to win.
The day before Trump won in November of 2016, the market
made a huge move up.
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You sure about that?
November 7 Dow +1.9%
November 8 (election day) Dow slightly higher
November 9 Dow +1.4%
As I recall, gloomy MSM commentators were talking about a huge drop in the Dow futures on election night, as it was becoming obvious that Trump was going to win. Trump was going to be a financial disaster they said.
I don’t know if that drop was even true, but it sure didn’t have a lasting effect.
but it sure didn’t anticipate the havoc raised by COVID!
“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.