NYSE - Financial Markets Remain Strong

U.S. financial markets are in the process of making history!

Despite the fact that the election is still undecided and facing legal challenges by the Trump administration in several states, the stock market continues its post election surge.According to industry analysts over at MarketWatch, today's performance marks the strongest post-election day for the market in 100 years with the NASDAQ and S&P 500, both much newer indexes, also both breaking their own previous records.


DJIA

With futures up 650 points overnight, the Dow Jones Industrial Average (28,215), opened strong, has been rocking all day and is currently up 650 points (2.35%) with no signs of slowing before the closing bell.

The Dow is now 124 years old and the oldest index in the financial world.

The last time there was such a large single day gain for the DJIA in the day after an election was when President (Rep) William McKinley defeated (Dem)William Jennings Bryan in the 1900 election. The DJIA (Dow Jones Industrial Average grew by more than 3% on that day.

S&P 500

S&P 500 futures saw gains of more than 100 points overnight and the index is now hovering at 3,469, just shy of all-time high territory. In fact, today's 107 point gain represents its biggest post election day rally in history.

First introduced in the 1950's, the S&P 500 debuted on March 4, 1957. It tracks more than 500 large companies (505 as of today) and is now considered one of the most popular and tracked indexes in the world.

NASDAQ

Not to be left behind, the NASDAQ composite is up 4% for the day, marking a solid 445 point gain and the single largest post election day gain for the index. Tracking almost every company listed on the Nasdaq, this index is also very popular among global investors.

What's Next For The Markets?

The question on most people's minds is whether or not this rally will continue or flounder once the results of the election are announced.

Waking up to almost as much uncertainty as when you went to bed, there are certain things which are much clearer. Wall Street is much happier with the prospect of Republicans maintaining control of the Senate.

Why would Wall Street be responding so favorably to the news that the Senate will most likely stay in control of the Republican party, even though they made it clear they were in favor of Joe Biden becoming the next president?

It's pretty simple. It is extremely unlikely that, if elected, Biden would be able to follow through on his promise to raise corporate tax levels, as well as institute tax hikes on the super wealthy in the U.S.

What Should You Do As An Investor?

The most important thing to remember is DO NOT PANIC.

If you are someone who puts their faith in evidence based decision making then the answer couldn't be any clearer....have faith in your decisions, maintain a long term view and hold, hold hold.

Too many times you will hear stories of people who respond to world events by getting spooked and as a result decided to liquidate their positions. 99% of the time this is the wrong decision and could end up costing you your life savings.

As long as you have a diversified portfolio and do not rely too much one sector of the market you are in good shape. It is important to keep in mind that for most individual investors you are looking for a long term solution for where to keep your money, and historically the stock market has provided the best returns and most safety, if done right.

Now is not the time to make hasty decisions, the truth is most industry experts expect the turmoil to continue until the transition to the Biden White House is complete, but it will calm down and eventually it will get back to normal.

Say it with me. Do Not Panic.

History Of The Stock Market

With all the constant drama surrounding the stock market; recessions, boons, bubbles, bull markets, bear markets, it can be super daunting and hard to keep up with, but it is important to have the full picture so you can understand how the financial world fits into our history.

Have you ever wondered where the stock market came from?

Stock markets were started when countries in the New World began trading with each other. While many pioneer merchants wanted to start huge businesses, this required substantial amounts of capital that no single merchant could raise alone.

As a result, groups of investors pooled their savings and became business partners and co-owners with individual shares in their businesses to form joint-stock companies. Originated by the Dutch, joint-stock companies became a viable business model for many struggling businesses.

In 1602, the Dutch East India Co. issued the first paper shares. This exchangeable medium allowed shareholders to conveniently buy, sell and trade their stock with other shareholders and investors.

As the volume of shares increased, the need for an organized marketplace to exchange these shares became necessary. As a result, stock traders decided to meet at a London coffeehouse, which they used as a marketplace.

Eventually, they took over the coffeehouse and, in 1773, changed its name to the "stock exchange." Thus, the first exchange, the London Stock Exchange, was founded. The idea made its way to the American colonies with an exchange started in Philadelphia in 1790.

To most people, the name Wall Street is synonymous with stock exchange. The market on Wall Street opened May 17, 1792 on the corner of Wall Street and Broadway.

Twenty-four supply brokers signed the Buttonwood Agreement outside 68 Wall St. in New York, underneath a buttonwood tree. On March 8, 1817 the group renamed itself the New York Stock and Exchange Board and moved off the street into 40 Wall St.

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Why You Need Cometeer Coffee: Coffee You Can Take on the Go

Cometeer Coffee

There’s an internet trend that says that everyone has three drinks: one for energy, one for hydration, and one for fun.


Hydration drinks are usually seltzer, a sports drink, or good old-fashioned water. Fun drinks can be anything from boba to kombucha to a refreshing fountain sprite. But the drink you choose for energy says the most about you. Are you a chill tea drinker? An alternative yerba mate devotee? A matcha-obsessed TikTok That Girl wannabe? A chaotic Red Bull chugger? Or are you a lover of the classics, a person after my own heart, who just loves a good cuppa joe?

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Over two years into the most momentous event in our lives the world has changed forever … Some of us have PTSD from being locked up at home, some are living like everything’s going to end tomorrow, and the rest of us are merely trying to get by. When the pandemic hit we entered a perpetual state of vulnerability, but now we’re supposed to return to normal and just get on with our lives.

What does that mean? Packed bars, concerts, and grocery shopping without a mask feel totally strange. We got used to having more rules over our everyday life, considering if we really had to go out or keeping Zooming from our living rooms in threadbare pajama bottoms.

The work-from-home culture changed it all. Initially, companies were skeptical about letting employees work remotely, automatically assuming work output would fall and so would the quality. To the contrary, since March of 2020 productivity has risen by 47%, which says it all. Employees can work from home and still deliver results.

There are a number of reasons why everyone loves the work from home culture. We gained hours weekly that were wasted on public transport, people saved a ton of money, and could work from anywhere in the world. Then there were the obvious reasons like wearing sweats or loungewear all week long and having your pets close by. Come on, whose cat hasn’t done a tap dance on your keyboard in the middle of that All Hands Call!

Working from home grants the freedom to decorate your ‘office’ any way you want. But then people needed a change of environment. Companies began requesting their employees' RTO, thus generating the Hybrid Work Model — a blend of in-person and virtual work arrangements. Prior to 2020, about 20% of employees worked from home, but in the midst of the pandemic, it exploded to around 70%.

Although the number of people working from home increased and people enjoyed their flexibility, politicians started calling for a harder RTW policy. President Joe Biden urges us with, “It’s time for Americans to get back to work and fill our great downtowns again.”

While Boris Johnson said, “Mother Nature does not like working from home.'' It wasn’t surprising that politicians wanted people back at their desks due to the financial impact of working from the office. According to a report in the BBC, US workers spent between $2,000 - $5,000 each year on transport to work before the pandemic.

That’s where the problem lies. The majority of us stopped planning for public transport, takeaway coffee, and fresh work-appropriate outfits. We must reconsider these things now, and our wallets are paying

the price. Gas costs are at an all-time high, making public transport increase their fees; food and clothes are all on a steep incline. A simple iced latte from Dunkin’ went from $3.70 to $3.99 (which doesn’t seem like much but 2-3 coffees a day with the extra flavors and shots add up to a lot), while sandwiches soared by 14% and salads by 11%.

This contributes to the pressure employees feel about heading into the office. Remote work may have begun as a safety measure, but it’s now a savings measure for employees around the world.

Bloomberg are offering its US staff a $75 daily commuting stipend that they can spend however they want. And other companies are doing the best they can. This still lends credence to ‘the great resignation.’ Initially starting with the retail, food service, and hospitality sectors which were hard hit during the pandemic, it has since spread to other industries. By September 2021, the US Bureau of Labor Statistics reported 4.4 million resignations.

That’s where the most critical question lies…work from home, work from the office or stick to this new hybrid world culture?

Borris Johnson thinks, “We need to get back into the habit of getting into the office.” Because his experience of working from home “is you spend an awful lot of time making another cup of coffee and then, you know, getting up, walking very slowly to the fridge, hacking off a small piece of cheese, then walking very slowly back to your laptop and then forgetting what it was you’re doing.”

While New York City Mayor Eric Adams says you “can't stay home in your pajamas all day."

In the end, does it really matter where we work if efficiency and productivity are great? We’ve proven that companies can trust us to achieve the same results — or better! — and on time with this hybrid model. Employees can be more flexible, which boosts satisfaction, improves both productivity and retention, and improves diversity in the workplace because corporations can hire through the US and indeed all over the world.

We’ve seen companies make this work in many ways, through virtual lunches, breakout rooms, paint and prosecco parties, and — the most popular — trivia nights.

As much as we strive for normalcy, the last two years cannot simply be erased. So instead of wiping out this era, it's time to embrace the change and find the right world culture for you.

What would get you into the office? Free lunch? A gym membership? Permission to hang out with your dog? Some employers are trying just that.

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