I wrote a post with my views on how the election results will impact the economy and markets moving forward but I’m going to wait until Monday to post it. I realize this was a very divided and emotional election so I’d like to give it some time. My goal is always to assess things form an objective perspective but the reality is that I work with clients across the spectrum of political views. Plus, I’d like to do some thinking on this over the weekend to see if I have any additional thoughts beyond my initial conclusions.
In short, much of the investment market reactions this week appear to be repositioning after many were assuming a Clinton victory. I wouldn’t look too much into things beyond that just yet and I’ve actually been fading most of the initial moves (buying dips and selling pops). It appears there will be some big changes coming but these things take time to implement. There are areas I’m optimistic about but also new risks that come into play. I’ll lay out my views, for what their worth, on Monday. Have a nice weekend.
-Nick