One of the key metrics experts have used to justify owning stocks is now working against them. For the past few years we’ve seen market analysts and advisors comparing stock dividend yields to Treasury Bond yields. While I’ve never agreed with this sort of comparison (more
I was chatting with a trader I’ve known since 1999 about the crazy reaction to the election of Donald Trump. He pointed out something most people have missed in the noise following the election:
“You could have called the election right and lost a ton
Many people continue to be shocked by the Donald Trump victory. I’ve said since he started his campaign he’s the “change” candidate because he is perceived as an outsider. We’ve essentially had 8 years of Republican policies and 8 years of Democratic
We have now had a day to digest the “shocking” result of the election. Essentially every model deployed by Wall Street was wrong on the outcome of the election. Worse, their predicted reaction by the market should Donald Trump win was also completely wrong. I do not know
As I write, it is 2:22 am ET. I spent the last 6 hours in the hotel bar watching the election coverage with fellow guests from all over the country and even the world (and sharing my thoughts on Twitter). The sentiment even from our new friends from France
