Bonds down on increased growth & inflation prospects. Financials, health care & small caps among biggest gainers. Utilities down on higher rates. Looks like big tech was mostly down?
Market reaction to Trump's surprise win in 2016
byu/Isaac459 inwallstreetbets
Posted by Isaac459
14 Comments
You’re forgetting about the futures circuit breakers that were triggered.
If there was a catalyst to bring down an extremely inflated and overpriced market I feel like this would be it. Guess we’ll find out tomorrow morning.
“The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped more than 20 percent to trade just above 14”
kind of counterintuitive with all the fear-mongering/doomsdaying rhetoric surrounding DJT
I am not sure about bonds. Trump will likely turn the Fed into his servant and demand huuuuge rate cuts. That’s bullish for bonds. Losers will definitely be anything green tech.
My guess is that markets will dump this week.
People don’t realize that if he died, america would fall into a Civil War that could potentially lead to WW3.
The market will dump, imo, because this may happen again or retaliation to the other side may happen.
Violence could escalate and things can get ugly.
Uncertainty is recipe for market taking profits.
Wait why would big tech be down for…?
This basically solidifies DJT getting re-elected. That’s good for stonks, but I think it’s the time to focus on small- and mid-cap stuff since he will demand rate cuts. JMO NFA
a close comparison might be the assassination attempt of Ronald Reagan.
“When President Ronald Reagan was shot on March 30, 1981, the stock markets were closed before they were given the opportunity to fall. During the days that followed the attempted assassination, the Dow rose over 7%.”
https://www.dividend.com/dividend-education/how-the-dow-30-reacts-to-major-events/
I think the market will be down throughout the week this is gonna be a buyers market. I’d hold off on sales and prepare your money to start buying if you have it.
The market gapped down hard overnight, then rallied to about break even to close. Steel and infrastructure stocks gapped up hard and were nice plays for several months.
Did or does the market really care who wins? I still remember late into that night with the Dow futures down as much as 900. Talk about a turnaround of events!
Moved on.. selling puts…
Look at the futures from the 2020 election. When trump was showing to be ahead markets were down 3%. Once it flipped to Biden we were almost +3% before the day even started
Trump Trade was materials, industrials, energy, COAL. “Trump Trade” was THE narrative for like 2-3 months. Get ready for a disgusting rally in the tail end of the energy and industrials complex.