Well, it’s finally over. Tuesday’s election was one for the ages. Few people saw this coming, but Donald Trump will be the next President of the United States. Whether Trump was your guy or not, you may be feeling uncertain about how the incoming administration will affect the market and your portfolio. But you may remember something I recently told StreetAuthority readers: “I’ve seen some otherwise-smart people whose opinions I respect say things like ‘If Trump gets elected, the market will crash’ or ‘If Hillary wins, the economy will tank.’ Such talk is nonsense. The reality is that the market… Read More
Well, it’s finally over. Tuesday’s election was one for the ages. Few people saw this coming, but Donald Trump will be the next President of the United States. Whether Trump was your guy or not, you may be feeling uncertain about how the incoming administration will affect the market and your portfolio. But you may remember something I recently told StreetAuthority readers: “I’ve seen some otherwise-smart people whose opinions I respect say things like ‘If Trump gets elected, the market will crash’ or ‘If Hillary wins, the economy will tank.’ Such talk is nonsense. The reality is that the market may get volatile around Election Day, yes, but the chances of it crashing are low.” You may also remember that I cited a recent survey by the Wall Street Journal which found that economists project a 60% chance of a recession within the next four years regardless of who is elected. That still stands today. Frankly, this should concern you more than whether or not your candidate won on Tuesday. Nevertheless, this election does have implications for both the economy and your portfolio. Our experts recognized this, too, which is why they weighed in on the election and the ensuing… Read More