Bullish Consensus

Everyone is back from their Thanksgiving holiday so we are now seeing market participants turning their focus to the rest of 2016 and beyond. The overwhelming consensus seems to be a Trump Presidency will lead to years of strong growth and we are seeing market participants adjusting their portfolios accordingly.

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Where to from here?

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

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