Well that certainly wasn’t the reaction market pundits were expecting from a Trump victory. From “Dow futures plummeting 700 points” to finishing up over 1%, yesterday was quite the surprise. However, it’s almost impossible to pinpoint one exact event as the only cause for market actions. Did Trump winning have something to do with it? Most likely, yes. Was it the only thing contributing to yesterday’s, and today’s, moves? Absolutely not. My point is that making investment decisions, other than super short term trades, based off one event may not be the smartest course of action.
Here’s what I’ve been reading this morning:
‘Overconfidence and the Scout Mindset’ – Tadas Viskanta – Abnormal Returns
‘My Portfolio’ – Michael Batnick – The Irrelevant Investor
‘Could a Trump Presidency Lead To a Stock Market Bubble?’ – Ben Carlson – A Wealth Of Common Sense
‘Post Election: Pause, Reflect, and Act Carefully’ – Dash of Insight
‘Steelers WR Saved Most of his $35 Million By Following His Mother’s Allowance’ – Scott Davis – BI Sports