Without doubt, the U.S. Presidential election was the catalyst for strong equity prices last month. Predictive polls were wrong once again as the race was called in President-Elect Trump’s favour early the morning after the election (Nov. 6th), and the expected too-close-to-call results became a clear Trump victory. The initial market reaction to the results featured a broad market advance lead by high beta factors and cyclical sectors, ones expected to benefit from the presumed stronger economic growth catalyzed by a Trump Presidency. The list of winners included Financials and small cap stocks while the losing side of the ledger included solar power companies, issuers dependent upon imports from China, including dollar stores, along with some housing and real estate issues.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.