Why Trump’s Election is Bullish for U.S. Stocks
Donald Trump’s election as president of the United States caught the financial world off guard.
Perhaps investors should not have been that surprised. Two weeks ago, I wrote about six separate predictions of a Trump victory.
Despite some indicators that boasted a track record going back well over a century, predicting Trump’s triumph was deeply contrarian. Even the much-vaunted market-based predictions showed a greater than 75% chance of a Hillary Clinton victory.
At that time, I also suggested three investment strategies you could use to profit from a Trump victory.
One of those was a bet that the S&P 500 would sell off sharply if Trump won.
Instead, the U.S. stock market soared to its strongest weekly performance in recent memory.
So even though I was “right” about Trump’s victory, I was wrong about an impending market collapse.
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