There aren’t many alternatives to the stock market if we want to retire someday, help our kids with college, etc. So, now that the election is over, what will the stock market do?
There’s never any shortage of opinion, so let’s do a quick survey of expert predictions:
There’s never any shortage of opinion, so let’s do a quick survey of expert predictions:
- Citigroup: The nearly quarter trillion dollar financial services/investment banking company predicted that the S&P 500 would fall between 3% and 5% if Mr. Trump was elected. By November 9 it was up 1.5%.
- Dartmouth Economics Professor: 10% drop in global markets. Reality? Global markets fell by 1-5% immediately after the election but now FTSE 100 is up about 2%, Hang Seng down 1.5%, and Nikkei 225 up 12%.
- Fortune and CBS News: The S&P 500 will drop 7% if Trump wins
Hmmmm… Let’s look at actual history for a guide: