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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