After Trump?

By Richard N. Croft

AFTER TRUMP? Surprise!!! To say that Trump’s ascension to the Presidency caught the markets off guard would be an understatement. Consider the overwhelming evidence! Leading up to the election the S&P 500 index experienced nine straight down days. A sell-off directly related to FBI Director James Comey’s letter re-opening the Clinton email probe citing possible new evidence that came to light in an unrelated investigation. As the polls tightened, the market sell-off continued. On the week-end prior to the election, Director Comey sent a follow-up letter to Congress in which he closed the investigation having found nothing in the subsequent email review. Following the election driven script, markets perked up on Monday November 7th and by the close of trading, had erased most of the losses from the previous nine-day swoon.