The Trump Bounce And The Monthly Market Risk Update: November 2016Guest Post
Although many were predicting a significant pullback on Mr. Trump’s election, we, in fact, got a fairly significant advance. What’s up with that? I suspect there are several reasons.
- The nine-day pullback before the election—the longest since 1980—certainly was pricing in some probability of a Trump win. When he actually won, the uncertainty risk disappeared. That alone could have driven markets back up.
- A Republican sweep may have been perceived as positive for business and the economy, which would also have supported markets . . .
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