Despite the fact that the majority of Modern Trader subscribers not only preferred Donald Trump as their president, but also predicted a Trump win our editorial team, like most of America and the media, anticipated a Clinton victory.
President-elect Donald Trump will last no more than four years in the White House, a period when corporations and the financial market will retain the upper hand over the struggling workers who helped elect him in a populist wave, bond manager Bill Gross of Janus Capital Group Inc said on Wednesday.
The Trumpian Fox has entered the Populist Henhouse, not so much by stealth but as a result of Middle America's misinterpretation of what will make America great again. Not having voted for either establishment party's candidate, I write in amazed, almost amused bewilderment at what American voters have done to themselves.
After hearing the historic and unprecedented November 8 election results, we decided it was time to reach out to our family of experts to ask for their opinion on what this Trump win means for stocks and other markets you trade and follow.
Before the election, there were dire predictions about a Donald Trump presidency may mean for the US stock market, with some prognosticators calling for a -7% (seven sigma!) drop on the first day. Those grim forecasts appeared on point on election night, when U.S. markets were halted limit down (-5%) at one point overnight.