As the dust settles on this week's momentous Presidential election, thoughts turn to the future. Regardless of your views on the President Elect, there are reasons to assume Equity markets will see upticks over the coming years.
The stock market seems to really like Donald Trump. Despite widespread predictions that equities would tank if the maverick billionaire scored an historic upset—and collapsing futures around midnight that appeared to confirm the disaster scenario—Americans’ 401(k) plans have prospered since Election Day. Since the close on November 8, the S&P 500 has added 1.4% to close at 2167 on Thursday; that surge boosted the S&P’s gain for 2016 from 4.8% to 6.2%, or almost one-third. The Dow, meanwhile, closed at a record 18,808 on Thursday.