No Trump crash; Stocks recover from overnight scare

No Trump crash; Stocks recover from overnight scare

As the 2016 presidential race was decided in the early morning hours of Nov. 9th, the stock market made a “knee-jerk” reaction to the news that Donald Trump had just become the 45th President of the United States. Dow futures dropped nearly 900 points as many were uncertain how a Trump Presidency could affect the economy. However, these doomsday-like forecasts quickly turned around as the opening bell Wednesday morning showed only minor swings in the market. Even though this is only one day in a long transition period, we can be optimistic that many of these original¬†gloomy projections did not come true.

 

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