Just a couple of quick thoughts as the financial markets are about to open this morning after Donald Trump won yesterday’s presidential election:
Stock futures are pointing to a negative open --- down roughly 1 to 1.5% currently. However, that is significantly better than the futures looked for most of the overnight hours when they were pointing to a down 4% to 4.5% open.
Markets generally dislike surprises. Hence, the projected negative open…
It is my opinion that it will be important to give the market time to digest an unexpected Trump presidency. Any trading at this point and prior to that happening is really just speculation.
Let’s not get caught up in speculative trading. Let’s remember that we are investors for the long haul.
In that regard, one of the more interesting comments I have heard this morning (on CNBC) is that Donald Trump will appoint the next Chairperson for the Federal Reserve --- in February, 2018. That appointment will be very important --- and will likely start getting “the market’s attention” early next year.
Of course, I will send additional thoughts as things continue to unfold if/as necessary.
Kind Regards,
Jeremy Boynton, CFP®
Founder
