Last night at 11 PM the S&P 500 stock market futures were down 800 points in expectation of a debacle in the financial markets, stemming from the uncertainty created by Donald Trump’s victory in the presidential election. I came to work early expecting chaos. Surprise! Markets are largely up, while interest rates have slightly increased and gold is up slightly. I am guessing that investors looked at the real data and decided that the immediate risks were not as great as imagined.
What IS up is biotech and health care, and we have positions in both. So we are enjoying and benefiting from that.
It’s probable that volatility will continue until people develop a clearer view of how a Trump presidency is going to work.
Calmness is a virtue.