Markets In Recovery as Investors Accept Trump Presidency

Although a lot of us may still be taking some time to adjust to the reality of Donald Trump as president, but the markets seem to have accepted American's new reality. Last night, the U.S. markets took a sharp dip as Trump began closing in on a major and unexpected victory. At one point last night, there were fears the dollar would sharply decline the way the pound did after the EU referendum. But does not appear to be the case. The sharp decline appears to be over and U.S. markets have begun rising again. The S&P and Dow Jones were up 1%BBC reported today. There are analysis guessing that Trump's relatively calm acceptance speech calling for unity did enough to quell the markets' fear of a total meltdown.

Meanwhile, the Mexican peso hit an all-time low following Trump's election. The currency declined more than 12 percent against the dollar, New York Times reports. This comes in reaction to Trump's signature proposal to build a wall along the Mexican border and crack down on immigration reform.

Interestingly enough, health-care stocks are projected to increase in value in the news of a Trump presidency. Health-care stocks have steadily been declining over the years as Obama, and Clinton repeatedly promised to continue, enacted major healthcare reform. But now with healthcare reform (dare we even say, reversal) completely off the table, investors are said to grow more confident in investing in the stocks again.

"The case for health-care stocks is clear cut," said Eddie Perkin, chief equity investment officer at Eaton Vance, told the Wall Street Journal. "It has been the worst-performing sector in the S&P 500 year-to-date, and the removal of political risk is a near certainty."

Credit to the overall positive outlook for the markets can also be given credit to Clinton's and Obama's unity-emphasizing concession speeches, highlighting the peaceful transition of power being a cherished hallmark of the American democracy.

For now, the markets are stable. But it's unclear what announcements or behavior we can expect from Trump in the lead up to inauguration day, he is currently assembling his cabinet team and is expected to meet with President Obama in the oval office on Thursday.

PayPath
Follow Us on

Look, I get it. We live in a social media-driven world, where millions of people log into their multiple accounts daily — even hourly! — to promote the illusion of their ideal life. They share snapshots of the highlights of their days: trips to the cafe, lush travels to islands, shopping trips at luxury fashion houses.

Keep readingShow less

Recently, I found the perfect gift for my roommate — a sweatshirt of Rocky and Creed fighting, if you must know or needed last-minute inspo. She’s a fan of the franchise, and as a Philadelphia native, I couldn’t resist. Waiting until Black Friday (guaranteed sale), I logged onto PacSun’s website to be met with the ultimate disappointment: it was the only item not on sale.

Keep readingShow less