Thoughts on US Election Results
Yesterday, citizens of the United States unexpectedly voted for Donald Trump as our next President, and also left Republican majorities in both the Senate and House of Representatives. Markets around the world initially reacted very negatively last night with S&P 500 futures down as much as 5.7%. Losses have since moderated or even been erased following Trump’s gracious victory speech and Clinton’s concession, avoiding a contested election. Trump has been viewed negatively by the stock market in the past because…