This article written by Kevin McNab and published in ColoradoBiz Magazine explores the surprise of the election and unexpected market reaction following. Needless to say, the domestic stock market has increased in opposition of what most experts predicted would happen. With a solid economy in place when the new administration takes office and policies that focus on job growth, can the markets maintain their momentum?
On the evening of Tuesday, Nov. 8, I grabbed my work bag and headed home. As I drove, I remember thinking I was glad the election was going to be over. I was sick and tired of the negative campaigns and the polarizing effect it had on Americans.
As a money manager, I did not like the uncertainty. As I sat down in front of the television and turned on cable news to watch the results, I thought it would be an early night. After all, the polls indicated a solid Hillary Clinton victory. By the time I went to bed, the “blue wall” had crumbled, and Donald Trump was declared the winner.
I wasn’t expecting that.