You’re starting to hear people talk about “if” there’s a bear market during the Trump Administration, when the real truth is they should be talking about “when.” And it won’t necessarily be triggered by a poorly-worded tweet, a global-trade-stopping new tariff regime or tax and entitlement reform. Every presidential cycle has its share of market drawdowns, seemingly regardless of presidential policies.
Over the last few weeks, professional financial planners have been fielding calls from clients who are asking the kinds of questions that every professional investor hates to hear. The Dow has reached (and then fallen back below) 20,000. Should I take money off the table?
My preferred candidate didn’t win the election, and I think the world is going to hell in a handbasket. Don’t you think I should sell my stocks now before it’s too late?
One of the persistent issues of the 2016 U.S. Presidential campaign was the wide (and growing) divide between the “haves” and the “have-nots”—variously expressed as a rising sentiment against the “one-percenters,” or as laments against the “hollowing out of the middle class.”
No doubt you’ve seen so many polls, telling you how many people support which political candidate, that you’re feeling a bit numb. But what do the citizens of other countries think about our country’s Presidential candidates, our current President and other leaders around the world?
Who’s going to win the U.S. Presidential election in November? If history is a reliable guide, it will be the candidate who raises the most money during the campaign season. The last time the candidate who raised the most money lost was Gerald Ford vs. Jimmy Carter in 1976. Ever since, the money determined the winner.