Trump's Election and the Markets

Discussion in 'Finance, Investments, and Careers' started by crisper57, Nov 9, 2016.

  1. crisper57

    crisper57 Open the Roof!

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    I got this from Charles Schwab. Thought it was worth sharing.

    FWIW, the markets did not plummet this morning. Last time, I checked, the DOW was even up.
     
  2. BigRedRage

    BigRedRage badass Contributor

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    yeah surprisingly, things were rather level already this morning. I spoke with my stock guy (a friend, i dont pay anyone or anything) and he said business as usual.
     
  3. Bodha

    Bodha Registered

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    Plummet from the prior plummet point, or up from where it bottomed out yesterday?


    Point being, Im happy they havent sunk lower, but to say "nothing happened" isnt true. The market tanked last night. Its just *good news*, it hasnt sank any further.
     
  4. elindholm

    elindholm rehabilitated

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    The futures tanked. The current-price market stayed the same overnight and went up today.
     
  5. Brian in Mesa

    Brian in Mesa BIM™ Contributor

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    It ended up at an all-time high. Yeah, definitely glad it didn't go any lower than that. :rolleyes:
     
  6. crisper57

    crisper57 Open the Roof!

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    Yeah, no tanking here.

    upload_2016-11-10_9-30-11.png
     
  7. thirty-two

    thirty-two Cranky Contributor

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    This past month has been ridiculous.
     
  8. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    We're nearly at Dow 20K, doesn't seem sustainable. What was interesting is for awhile the nasdaq was falling but now it seems to have gone back up nearing a 52 week high.
     
  9. Brian in Mesa

    Brian in Mesa BIM™ Contributor

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    Dow Jones industrial average reaches new high, tops 20,000 level for first time

    https://www.washingtonpost.com/news...evel-for-first-time-2/?utm_term=.7910f96d3afa

    The closely watched Dow Jones industrial average reached historic levels Wednesday, landing above 20,000 points for the first time in a week when President Trump began to put his agenda in place.

    Shortly after the election, investors dubbed a surge in stock prices the “Trump rally,” pushing U.S. stocks to new heights in anticipation that the new president would work with the Republican-led Congress to lower taxes and pass more business-friendly policies. But time and again as the Dow appeared ready to breach the 20,000 threshold, there was a retreat.

    This week, as Trump vowed to rewrite trade agreements and revive pipelines, the markets began to rev again. It closed on Wednesday at 20,068, up 0.8 percent.

    For the Dow, encompassing 30 large publicly traded companies, topping the 20,000 level holds more symbolic than practical value. But Wall Street has been anticipating the rise could give investors the psychological boost to keep stock prices climbing even further.

    The broader Standard & Poor’s 500-stock index and the tech-heavy Nasdaq composite index have also been trading at record levels. The recent run-up in stock prices has added about $2 trillion in market value since the election to companies that make up another broad index, the Wilshire 5000.

    The Dow has surged nearly 10 percent since the election. The Standard & Poor’s 500-stock index, a broader take on the market, and the tech-heavy Nasdaq hit record levels earlier this week and rose nearly 1 percent in trading Wednesday as well.

    Stocks staged a remarkable rebound in 2016, starting the year with massive sell-offs as investors worried about China’s rocky economy and falling oil prices and then panicked when Britain voted to leave the European Union.

    Each sell-off was followed by a recovery that pushed stock prices back into positive territory. After sagging as much as 10 percent in 2016, the Dow jumped 13 percent for the year, more than half of the rise coming since the election. The S&P was up about 10 percent last year, while the Nasdaq grew about 9 percent.

    The markets’ rise “becomes self-fulfilling momentum,” said Art Hogan, chief market strategist for the investment firm Wunderlich. “Whether you’re an individual or an institution you start chasing momentum.”

    But, some market analysts say, stock prices may have already risen too far too fast. Investors are ignoring potential stumbling blocks that lie ahead for the U.S. economy, including that the Federal Reserve is beginning to raise interest rates — it bumped up a key lending rate last week, a move that traditionally has added costs for businesses. And it is unclear whether Trump will be able to implement all of his campaign promises, including lowering corporate taxes.
     
  10. thirty-two

    thirty-two Cranky Contributor

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    Biggest one day drop since Trump's election. Is there a correction in our near future? Or is this just a blip?
     
  11. AsUpRoDiGy

    AsUpRoDiGy Magnanimous

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    Market correction. Investors had a hard on for Trump's de-regulation plans, but after his budget proposal, and the fed interest hike...people are slowly starting to abandon ship. I don't expect another 1.2% loss tomorrow, but certainly going to see a steady decline at the massively over-inflated DJI. Expect a pretty substantial change in the DJI over the next 6 months... with only a moderate change in the S&P.
     
  12. Yuma

    Yuma Back in NV!

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    Just saw an assessment on TV, and Wall Street people say we are not going to get tax reforms and reduction in red tape as originally proposed by Trump Administration. I kept asking myself why? They never went into why Wall Street knows these things are not happening. watching Closing Bell to see if they explain it. Mostly just segment news on markets.
     
  13. 82CardsGrad

    82CardsGrad 7 x 70

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    Putting aside Trump's claims that he alone is the cause for the markets hitting record highs - as if Obama had nothing to do with getting the rocket to the launchpad - something I'm watching is the steady increase of the 10 Year Treasury Yield... surpassed 2.6 today and hit the highest level it's been since June of 2014. The "correction" is coming... but as always, timing it is the real magic work.
     
  14. BillsCarnage

    BillsCarnage Registered

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    Dunno if the correction is started, but the last two days have been a wee bit volatile. Healthcare is getting hammered from the Amazon/Chase announcement.
     
  15. AZCB34

    AZCB34 Registered User

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    There may also be uncertainty over what Trump will say during the State of the Union
     

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