There is nothing so disastrous as a rational investment policy in an irrational world – John Keynes
Trump’s victory surprised even the most well-informed financial analysts and bloggers.
A quick scan of the headlines leading up to the elections showed endless articles which pontificated
what a Hillary presidency would mean for markets.
And those few articles which did venture a guess at what a possible Trump aftermath
would look like seem even more ridiculous now in hindsight:
- Barclays – 6% fall in the S&P 500 before a partial recovery by year-end
- Citi – 5% drop in S&P 500
- RBC Capital Markets – 10% to 12% fall in the S&P 500
- Wolfers,an economics professor at Dartmouth College – 12% off the S&P 500