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To be fair, historically at all presidents changing, markets get volatile and usually dip a bit mainly based on the uncertainty. Change typically leads to volat
by drawkbox 10y ago
To be fair, historically at all presidents changing, markets get volatile and usually dip a bit mainly based on the uncertainty. Change typically leads to volatility in the markets so it wasn't a bad move to bet on it.
The market has been in a steady climb for 8ish years and had been sideways for nearly a decade before due to the internet bubble and mortgage/housing/banking based Great Recession from 2008, so it was more robust on a bounce off that massive dip. Trump inherited a very low volatile market.
Flipside is Trump is coming in on record highs, other presidents come in on lower than highs usually due to the change/uncertainty, may lead to a lower total increase over 4/8 years. The last two presidents came in on huge dips/volatile markets, internet bubble busting and housing bubble/fraud in 2006-8 leading to Great Recession while wages stagnated the whole time. This market still has fuel in it as it is still bouncing from those.
I am sure we will see some dips coming from the interest rates going up. No policies or interest rate changes have happened just yet to stop the bull.
Side note, typically Republican presidents have a lower overall performance on the markets[1].
[1] http://www.forbes.com/sites/peterlazaroff/2016/07/26/democrats-vs-republicans-who-is-better-for-the-stock-market/#68138cf25bfb http://www.forbes.com/sites/peterlazaroff/2016/07/26/democra...